Yesterday, the Federal Reserve lost a big decision regarding it’s transparency. Bloomberg, a financial news organization, filed a Freedom Of Information Act last year to get records to find out where the Fed spent trillions bailing out big banks in the financial crisis. When the Fed refused the request, Bloomberg sued and now won. Every American should want to know what the Fed is doing and who it is helping by printing trillions of dollars out of thin air. After all, the Federal Reserve is ultimately responsible for the value of every dollar you save and spend. Look for the Fed to fight giving up it’s secret information to the death! I predict it will appeal the case. This story is not being covered today in the mainstream media. Not covering this type of important story is part of the reason why the public is in the dark about what is going on with their money. More about this case and why the mainstream media is not fully informing the public in “The Soft Truth” posted below. Meanwhile, here’s more on the Fed losing it’s case to keep you in the dark.
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Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.