by Marc Gallagher

The news that the Federal Reserve refuses to disclose the recipients of $2 trillion in lending leaves me (and should leave you) madder than hell.

If every emergency, no matter how slight, results in the immediate suspension of our right to know, then one might reasonably question whether it is a right at all and whether this is a democracy.

Some of us would make the argument that the Federal Reserve is not a government organization, but a private cartel, and so is not bound by the Freedom of Information Act. It is interesting that they didn't use that as a defense but rather chose to use "trade secrets".

To read the complete article posted in Liberty Maven click here.