Not sure if this has been posted here today.
Bloomberg finally won its appeal on its lawsuit to force the Fed to disclose, pursuant to the Freedom of Information Act, how a trillion or so of bailout money was dispersed in 2008.
zerohedge.com
As the article points out, however, that may not be the end of it. The Fed has, I believe, 45 days to file 1) a request for reconsideration by the three-judge panel of the Second Circuit Court of Appeals that rendered the decision, or 2) a request that the case be reconsidered by all of the judges in the entire Second Circuit (known as an en banc rehearing). Or, as a third option, it has 90 days to file a petition for review in the United States Supreme Court.
Any one of the three options, if pursued, could tie up the issue for many more months, if not another year or two. If the Fed, for whatever reason, decided not to pursue any further appeals, it would have to cough up the information forthwith. At which time, bald, bearded monkeys would also fly out of my ass. |
