supreme court ruling on banking
pitboss
Posts: 8,643 ✭✭✭
What does the ruling that banks cant hide fed funds mean?
0
pitboss
Posts: 8,643 ✭✭✭
What does the ruling that banks cant hide fed funds mean?
Comments
<< <i>What does the ruling that banks cant hide fed funds mean? >>
In the 98 year history of the Federal Reserve, the Fed never releases the names of banks that
have to borrow emergency money to prevent a run on the bank, because such information could
CAUSE a run on the bank. Bloomberg News sued to get the information, and the Supreme Court
ruled that the Fed must release it.
You impressed me with your response... my family is working on our circulated set of Statehood quarters. I'm going to buy at least two or three of these from you for our collection!
<< <i>
<< <i>What does the ruling that banks cant hide fed funds mean? >>
In the 98 year history of the Federal Reserve, the Fed never releases the names of banks that
have to borrow emergency money to prevent a run on the bank, because such information could
CAUSE a run on the bank. Bloomberg News sued to get the information, and the Supreme Court
ruled that the Fed must release it. >>
I predict a law will be passed to allow the Fed to protect the privacy of their dealings with member banks.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Article: Fed Must Release Loan Data as High Court Rejects Appeal