Comments on: Bloomberg News sues the Fed under Freedom of Information Act http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-fed-under-freedom.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Paulson is handing out free money like candy to a baby - Credit Writedowns http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-fed-under-freedom.html/comment-page-1#comment-5173 Paulson is handing out free money like candy to a baby - Credit Writedowns Sat, 09 May 2009 00:48:09 +0000 http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-the-fed-under-freedom-of-information-act.html#comment-5173 [...] to reveal what assets it is taking on. Bloomberg News has sued to find out. See my post, “Bloomberg News sues the Fed under Freedom of Information Act.”Money center banks received $125 billion in equity capital under TARP.Regional and local [...] [...] to reveal what assets it is taking on. Bloomberg News has sued to find out. See my post, “Bloomberg News sues the Fed under Freedom of Information Act.”Money center banks received $125 billion in equity capital under TARP.Regional and local [...]

]]> By: Links: 2008-12-19 - ZIRP, Pain, and Fraud - Credit Writedowns http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-fed-under-freedom.html/comment-page-1#comment-4933 Links: 2008-12-19 - ZIRP, Pain, and Fraud - Credit Writedowns Thu, 30 Apr 2009 01:18:24 +0000 http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-the-fed-under-freedom-of-information-act.html#comment-4933 [...] post on how Fox News is suing the Treasury under the Freedom of Information Act. It reminds me of Bloomberg’s suit against the Fed. But, then there’s Paul Krugman who claims the Madoff story is a symbol of the culture of the [...] [...] post on how Fox News is suing the Treasury under the Freedom of Information Act. It reminds me of Bloomberg’s suit against the Fed. But, then there’s Paul Krugman who claims the Madoff story is a symbol of the culture of the [...]

]]> By: sstipe2021 http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-fed-under-freedom.html/comment-page-1#comment-3750 sstipe2021 Thu, 12 Feb 2009 14:51:07 +0000 http://www.creditwritedowns.com/2008/11/bloomberg-news-sues-the-fed-under-freedom-of-information-act.html#comment-3750 It would be appropriate for Bloomberg to send the Fed a reminder of the theory of perfect competition. In brief: it says that, for any particpant in our economic transactions system to deny information to another participant, has the effect of retarding the movement of the economy in the direction of maximum efficiency in the use of resources. Let's hope that Bloomberg will produce a hard hitting synopsis of this theory which will be repeated over and over in the news media, by politicians and business executives. It should be a well known, and often stated, fact that complete information and bright sunlight transparency will lead our economy more quickly along a path toward adquate food, clothing and housing for all humanity. It would be appropriate for Bloomberg to send the Fed a reminder of the theory of perfect competition. In brief: it says that, for any particpant in our economic transactions system to deny information to another participant, has the effect of retarding the movement of the economy in the direction of maximum efficiency in the use of resources.

Let’s hope that Bloomberg will produce a hard hitting synopsis of this theory which will be repeated over and over in the news media, by politicians and business executives. It should be a well known, and often stated, fact that complete information and bright sunlight transparency will lead our economy more quickly along a path toward adquate food, clothing and housing for all humanity.

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