Good news today as Bloomberg News won its federal lawsuit to find out which giant corporations the Federal Reserve lavished big money on, and how much.
It's pretty outrageous that it took a nine-month legal battle to get this basic information, but that's life in a democracy, right?
Of course, in addition to its money-printing, interest-rate-setting superpowers, the Federal Reserve also gets the same due process as the taxpayers. So there isn't any actual information available just yet. But after (or if) the Fed loses some appeals, there might be. And that would be a good thing, as Bloomberg reports:
In unrelated news, President Obama re-appointed Federal Reserve Chairman Ben Bernanke, and the U.S. government
to $9 trillion.
But hey, at least housing prices are going up!