By The Mogambo Guru

Jim Willie of the Hat Trick Letter notes that Bloomberg has filed a lawsuit against the Federal Reserve to force the Fed to give some details about where in the hell $700 billion went after disbursement from the TARP funds, a request and a lawsuit that the Fed is steadfastly fighting, tooth and nail.

The reason the Fed gives is that trade secrets are in there somehow! Mr. Willie says, "The USFed will continue to withhold internal memos as well as information about trade secrets and commercial information. Are you kidding me? TRADE SECRETS BY AN AGENCY HIRED TO MANAGE THE DOLLAR AND TREASURYS???"

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