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Presenting The Complete Fed Discount Window Data Dump

Tyler Durden's picture





 

Update: the link should be working fine now.

While Zero Hedge ploughs through 25,000 or so pages of just declassified information focusing on the Discount Window, but containing previously undisclosed information on the entire alphabet soup of systemic rescue facilities, and prepare to present our findings shortly, we would like to facilitate the crowdsourcing effort in perusing the data which the Fed has made prohibitively difficult to access (only distributed on physical CD), by uploading the entire data dump at the following link.

Our very preliminary question is whether the Fed really expects the US public to believe it does not keep track of the collateral it lends Discount Window money against, and if that rhetoric question is false, then why is collateral data not disclosed?

 


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Thu, 03/31/2011 - 14:17 | Link to Comment MightyZum
MightyZum's picture

Link not working?

Thu, 03/31/2011 - 14:19 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Not on my end.  Either bandwidth consumed by too many people at once or...(place tin foil atop the head)

Thu, 03/31/2011 - 14:24 | Link to Comment Cdad
Cdad's picture

Dr.

You mean you take you tin foil hat off during the day?  Are you nuts?

Thu, 03/31/2011 - 14:28 | Link to Comment malikai
malikai's picture

It's downloading for me. Perhaps its because I switched to a silver-foil hat.

Also, good job FED. Love the PDF format and craptic naming scheme.

Thu, 03/31/2011 - 14:31 | Link to Comment asdasmos
asdasmos's picture

Marc Faber Bloomberg Interview - March 30 2011

http://www.bloomberg.com/video/68175846/

 

Thu, 03/31/2011 - 14:40 | Link to Comment the mad hatter
the mad hatter's picture

somebody throw the dump on BitTorrent.

Thu, 03/31/2011 - 17:28 | Link to Comment SteveOoooo
SteveOoooo's picture

Internet p0rn is so 1990's...  I thought that fad would fade by now. 

Thu, 03/31/2011 - 21:32 | Link to Comment rocker
rocker's picture

Speaking of Porn,  who's the "Jack off"  in the advertising block that keeps showing up.

What a puke, whoops, that's what his wife must do when she thinks of sucking on it.

 

Thu, 03/31/2011 - 21:35 | Link to Comment rocker
rocker's picture

Oh, yeah. Thanks for the download Tyler.  Will be reading for the next year. 5 minute download on highspeed. Whooo.

Thu, 03/31/2011 - 14:39 | Link to Comment Cdad
Cdad's picture

Malikai,

Just regular tin foil hats here, and the download worked.  However, I'm too afraid to open them for fear that some criminal syndicate Wall Street banker will receive a signal that I have opened a file.

I cannot have anything happen to the breeding pair of unicorns I picked up at the ranch yesterday.  They are looking in the window at me and smiling even now  --:)

 

Thu, 03/31/2011 - 15:01 | Link to Comment macholatte
macholatte's picture

Charlie The Unicorn

http://www.youtube.com/watch?v=Q5im0Ssyyus

 

 

Thu, 03/31/2011 - 16:58 | Link to Comment Thomas
Thomas's picture

Shit. I've been using Saran Wrap.

Thu, 03/31/2011 - 15:33 | Link to Comment redpill
redpill's picture

They seriously only provided it in PDF?  Assholes.

 

Thu, 03/31/2011 - 14:44 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Wait, I though tin foil hats as an indication of nuts, but then again...

My brother is a paramedic and he showed me the roll of tin foil that is kept on the ambulance.  It is indeed used to calm down patients who are nuts by making hats for all in the squad to wear.

Thu, 03/31/2011 - 14:48 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

If Bernanke began to parade around wearing a tin foil hat, I may begin to feel better about the whole economic situation.

Thu, 03/31/2011 - 14:56 | Link to Comment savagegoose
savagegoose's picture

I'd feel happier if he wore a plutonium hat!

Thu, 03/31/2011 - 15:02 | Link to Comment willien1derland
willien1derland's picture

Well said SG - and we just happen to know of a place where such a hat can be procured....even comes with FREE ONE WAY AIRLINE TICKETS to FUKUSHIMA, accommodations at the Daichi facility, & what the hell throw in a year supply of Rice-a-Roni...besides Ben can assist in TD's newest series - Yentervention (for Central Bankers)

Thu, 03/31/2011 - 15:14 | Link to Comment ageofreason
ageofreason's picture

It would go hand in hand with the fission process between his ears....

Thu, 03/31/2011 - 14:56 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

True.  At least then he would have an excuse as being a FUCKTARD.  That arrogant prick ass motherfucker has been facilitating worldwide hunger, wars of aggression, lowered standards of living for 99.99% of the population while enriching the .01%.  When will the Muslims finally call for a Jihad against this financial terrorist?  I mean, Benny’s style is in full conflict with Sharia law.  Benny is THE infidel.  

Thu, 03/31/2011 - 14:19 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

For FED's eyes only.

Thu, 03/31/2011 - 14:31 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Someone needs to throw this in a torrent, and get it up on PirateBay and the like.  I'll do it this weekend if no one beats me to it.

Thu, 03/31/2011 - 18:18 | Link to Comment crazyjsmith
crazyjsmith's picture

Corporate/Bankers version of the Dollar menu at Jack in the Box.

"Yes, I'll take 42 billion tacos, and 21 billion Jumbo Jacks - Extra Sauce....You're total will be 2 dollars and 16 cents at the second window....can I just pay you Tuesday, for my hamburgers today?  Sure, no problem......one more thing, please don't tell anyone I am shopping off the dollar menu, I need to keep up my image, you know?"    

Thu, 03/31/2011 - 19:05 | Link to Comment andybev01
andybev01's picture

120mb file on a fiber-optic network and it's still downloading 4 minutes later.

Things that make you go hmmm...

Thu, 03/31/2011 - 14:17 | Link to Comment aVian
aVian's picture

obama is busted...SS number from CT...denninger

Thu, 03/31/2011 - 14:24 | Link to Comment EscapeKey
EscapeKey's picture

As soon as I saw the name "Orly Taitz" I stopped reading.

Seriously, how many fakes has she claimed is the real certificate!!!eleventyone11 by now?

Thu, 03/31/2011 - 14:31 | Link to Comment aVian
aVian's picture

this guy got the SS number

Retired Air Force Col. Gregory Hollister impersonated Obama with the Selective Service and managed to get a card with President Obama’s Selective Service information on it, a blogger posted on gratewire.com last week.

Thu, 03/31/2011 - 14:46 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

Well, let's hope they draft his ass; damn, I forgot we don't have a draft. Barry will probably skate before they ram it through. Try another angle 

Thu, 03/31/2011 - 15:17 | Link to Comment macholatte
macholatte's picture

no matter what, Orly Taitz or not, Obama is hiding something and getting a lot of help doing it which is a felony. So the only questions are these:

1 - will the truth ever be known?

2 - will the gaggle of criminals ever see a minute of jail time?

 

my guess, NO on both counts.

 

Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either.
Albert Einstein

Thu, 03/31/2011 - 14:18 | Link to Comment Aknownymouse
Aknownymouse's picture

Unable to scan file for viruses

Thu, 03/31/2011 - 14:19 | Link to Comment MightyZum
MightyZum's picture

Boy, Bernanke is good . . .

Thu, 03/31/2011 - 14:17 | Link to Comment tmosley
tmosley's picture

I can't get it to download.  It says it is unable to scan for viruses due to technical difficulties.  When I click "download anyway", it spins its wheels for a fraction of a second, and then the progress bar disappears, but there is no download.

Thu, 03/31/2011 - 15:20 | Link to Comment macholatte
macholatte's picture

it spins its wheels for a fraction of a second, and then the progress bar disappears

 

I saw Geitner do that.

Thu, 03/31/2011 - 17:24 | Link to Comment SteveOoooo
SteveOoooo's picture

Do you have several hundred megabytes of free space on your disk drive?

Thu, 03/31/2011 - 14:19 | Link to Comment Dagny Taggart
Dagny Taggart's picture

Can somebody run this puppy through a word cloud generator?

Thu, 03/31/2011 - 14:30 | Link to Comment wandstrasse
wandstrasse's picture

done, here is the cloud: WEALTH - SUSTAINABLE - PROVEN - GREAT - HEALTHY - SOUND - FANTASTIC - PATRIOTIC - SOLUTION - ACTION - UNBREAKABLE - SMART...

Thu, 03/31/2011 - 14:52 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

BUY!  BUY!  BUY!  BUY!

Thu, 03/31/2011 - 19:06 | Link to Comment andybev01
andybev01's picture

Bye bye...

Thu, 03/31/2011 - 14:20 | Link to Comment chairsatan
chairsatan's picture

Google censoring it... prolly need to put it on wikileaks.

Thu, 03/31/2011 - 14:30 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Nope Bittorrent.  Seriously.

Thu, 03/31/2011 - 14:22 | Link to Comment bmwm395
bmwm395's picture

Google wont let my computer scan this for a viruses. seems a bit strange to me. Anyone one else having this problem?

Thu, 03/31/2011 - 14:23 | Link to Comment slaughterer
slaughterer's picture

This file is like Krypton... 

Thu, 03/31/2011 - 14:20 | Link to Comment Jason T
Jason T's picture

The arrogence.  

Thu, 03/31/2011 - 15:15 | Link to Comment Boilermaker
Boilermaker's picture

Shut the fuck up, you insolent little bitch.  I'll wager that you're not even a billionaire.

Thu, 03/31/2011 - 14:21 | Link to Comment SilverFiend
SilverFiend's picture

F**K GOOGLE!

Thu, 03/31/2011 - 14:22 | Link to Comment paxxi
paxxi's picture

same here - let's give google a minute to digest that file

Thu, 03/31/2011 - 14:21 | Link to Comment Filthy Rotter
Filthy Rotter's picture

Good old Cananada will host it!

Thu, 03/31/2011 - 14:27 | Link to Comment Filthy Rotter
Filthy Rotter's picture

Still slow as shite, but I've almost got the whole thing now.

 

Got it.  895 Files, 32 Folders!

Thu, 03/31/2011 - 14:22 | Link to Comment paxxi
paxxi's picture

dl working now

Thu, 03/31/2011 - 14:24 | Link to Comment The Axe
The Axe's picture

I was GOOGLED,,,!!!!   everyone must be locked up....LOWEST volume day of the year on its WAY TODAY!!!!!  

Thu, 03/31/2011 - 14:25 | Link to Comment The Axe
The Axe's picture

Its the Chinese!!!!  Bastards 

Thu, 03/31/2011 - 14:24 | Link to Comment godzila
godzila's picture

Muss say that the delivery method is a very childish last ditch middle finger by the FED. But what else should we have expected ?

Thu, 03/31/2011 - 14:27 | Link to Comment Pepe
Pepe's picture

your government hacks on your behalf

Thu, 03/31/2011 - 14:30 | Link to Comment slaughterer
slaughterer's picture

Holy f*ck!  Every bank in the world was borrowing from Fed discount window in 2009!

Thu, 03/31/2011 - 14:33 | Link to Comment Miss Expectations
Miss Expectations's picture

That is a great headline.

Thu, 03/31/2011 - 14:29 | Link to Comment umop episdn
umop episdn's picture

ZH: Financial journalism done right.

Thu, 03/31/2011 - 14:31 | Link to Comment Pepe
Pepe's picture

Absolute transparency, as promised

Thu, 03/31/2011 - 14:59 | Link to Comment augie
augie's picture

IDK if this is what you are referring to sarcarstically or not, but I didn't

beleive this untill i saw it with my own eyes. They gave the guy Another Fucking Medal.

 

http://www.politico.com/politico44/perm/0311/not_a_secret_anymore_a00ccd...

 

Thu, 03/31/2011 - 19:08 | Link to Comment andybev01
andybev01's picture

I'm laughing through my tears.

Fri, 04/01/2011 - 06:11 | Link to Comment augie
augie's picture

That really is all one can do at this point.

Thu, 03/31/2011 - 14:30 | Link to Comment The Axe
The Axe's picture

Oh, what shitheads !!!  No index,  no way to search,,,,900 pdf files.....Fuck them..Suck my dick you little Princeton shithead.....

Thu, 03/31/2011 - 14:42 | Link to Comment malikai
malikai's picture

I'm working on that right now. I'm thinking I'll extract them all to xml and take it from there. If people want it, I'll put it up on a torrent or mail it to Tyler for distribution.

Thu, 03/31/2011 - 15:10 | Link to Comment Howard_Beale
Howard_Beale's picture

Please parse it and put it up on a torrent.

Thu, 03/31/2011 - 14:44 | Link to Comment css1971
css1971's picture

Copy it onto yout PC and tell windows to index it.

http://www.techrepublic.com/article/solutionbase-configuring-windows-xps...

Or install Google Desktop:

http://desktop.google.com/

Thu, 03/31/2011 - 14:32 | Link to Comment truont
truont's picture

Here is just one of the many, many uses of the FED's discount window:

Dist: 02

JPMORGAN CHASE BK NA LMCB 5/1/2008 $11,100,000,000

Must be nice to be TBTF

Thu, 03/31/2011 - 15:01 | Link to Comment malikai
malikai's picture

Here, have some more. I know you like it.

Dist: 02
JPMORGAN CHASE BK NA LMCB 6/5/2008 $6,400,000,000

Thu, 03/31/2011 - 14:33 | Link to Comment Pepe
Pepe's picture

Spain, Greece, Portugal...don't worry. We have money for you...

Not a member of the EU? No problem..a little loan will solve that for you.

Foreign policy: don't bite the hand that feeds you ( Meternicht?)

Thu, 03/31/2011 - 14:41 | Link to Comment bob_dabolina
bob_dabolina's picture

BENJAMIN FRANKLIN BK THIN 5/9/2008 $1,000

That must have been a systemic risk huh

Thu, 03/31/2011 - 14:49 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

It was for a hooker.  Sorry, but someone's gotta pay for me trannies.

Thu, 03/31/2011 - 14:58 | Link to Comment bob_dabolina
bob_dabolina's picture

If the bank ever even existed in the first place

http://www.benfranklinbank.com/ (click on the link and see what you get)

...got to the link by googling the name of the bank. Can't seem to find that bank online, was it a failed institution?

Was liquidity soooooooo tight that a bank had to scramble to the discount window for $1,000?

Thu, 03/31/2011 - 14:42 | Link to Comment RobotTrader
RobotTrader's picture

Bears better turn MS and GS red by the close, otherwise, they are going to be out of time to stop this bull run off the recent lows.

If this disasterous PIIGS bank news can't stop this run, I don't know what can.

BBVA and STD are already down 4 days in a row, bears need to flush those stocks now.

Thu, 03/31/2011 - 15:01 | Link to Comment The Axe
The Axe's picture

Bull Run....you make me fucking laugh.....A bull is a beast that will run over you then gore you for fun...watching MS melt up on the lowest volume day of the year....now that is silly

Thu, 03/31/2011 - 14:44 | Link to Comment Thisson
Thisson's picture

Link works fine, if you want to download a 129mb file.

Thu, 03/31/2011 - 14:44 | Link to Comment Amish Hacker
Amish Hacker's picture

Zero Hedge ploughs through 25,000 or so pages of just declassified information 

Thanks, Tyler. A lot of people think you're some kind of Typhoid Mary, but you'll always be Evelyn Woods to me.


Thu, 03/31/2011 - 14:45 | Link to Comment Piranhanoia
Piranhanoia's picture

what the hell is a virus?

Thu, 03/31/2011 - 14:51 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Lloyd and Jamie's accounting skills.

Thu, 03/31/2011 - 19:13 | Link to Comment andybev01
andybev01's picture

If you don't know, you're already dead.

Thu, 03/31/2011 - 14:47 | Link to Comment Milton Waddams
Milton Waddams's picture

If this is the manner in which the nation's Central Bank maintains it's files relating to hundreds of billions if not trillions of dollars in loans... well, it is certainly an argument to shut it down or at least replace it with a more competent organization. The local girl scouts maintain more organized records on their cookie sales.

Thu, 03/31/2011 - 14:52 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

It is a rouse for sure.  If one were to watch the special on the Federal Reserve on HDTV earlier last week they would have seen the FedNET is the most sophisticated computer control room next to NASA.

Thu, 03/31/2011 - 16:04 | Link to Comment oogs66
oogs66's picture

This is arrogance beyond belief. They are probably delivering the material required and living up to the letter of the law, but certainly not the spirit. It's garbage that they didn't send it in a more useful format and disingenuous that it's not on their website and only physical delivery of cd. Just another bitch slap to the American people for no good reason other than childish anger at having lost. And he can control inflation? He can't do a single responsible thing or admit he is ever wrong!

Thu, 03/31/2011 - 14:50 | Link to Comment slaughterer
slaughterer's picture

Tyler(s): Collateral data was not made available... because the borrowers clearly had insufficient or negative collateral.  This system is a house of cards built on thin air.

Thu, 03/31/2011 - 15:31 | Link to Comment buzzsaw99
buzzsaw99's picture

The fed should be shut down for the way it keeps it books.

Thu, 03/31/2011 - 14:55 | Link to Comment Diplodicus Rex
Diplodicus Rex's picture

OK I'm willing to throw in some time. Downloaded OK. Bound and OCR'd docs. Now searchable. Now what am I looking for?

Thu, 03/31/2011 - 14:54 | Link to Comment azengrcat
azengrcat's picture

There is a pesky "NR" in the FX swap section.

Thu, 03/31/2011 - 14:58 | Link to Comment camoes
camoes's picture

FED DUMP, BITCHEZ!

Thu, 03/31/2011 - 14:59 | Link to Comment jkruffin
jkruffin's picture

Hell, I opened the first two documents and all I see is JP Morgan Chase to the tune of about $100 Gazillion

 

WTF?

Thu, 03/31/2011 - 15:23 | Link to Comment Cdad
Cdad's picture

Sheesh...so slow on the uptake.

J. Dimon is HOT!  Got it?  So hot, laws do not apply to him.  They don't stick.  And at $100 gazillion, I suspect you have not seen even a fraction of his good work from '08.  And he is worth every penny, baby.

So buy yourself a closed strip mall, give Jamie a call, and learn how to leverage that useless real estate into a Ponzi investment...and short some silver already.

Sheesh...don't you people ever give up?

Thu, 03/31/2011 - 15:07 | Link to Comment luster
luster's picture

Collateral Report 11/10/08: 22.45% of the Fed's collateral was domestic equities.

From page 8 of 24 in the file

\30110331_fed_release_documents\

FOIA Request No. 2010-282\

Category 6\

PDCF Collateral Report 20081110 - 20090514.pdf

Thu, 03/31/2011 - 15:11 | Link to Comment Boilermaker
Boilermaker's picture

No collateral info....SURPRISE!

Oh, well, they don't really keep track of that.  But, it was there....it was...really.

What a fucking joke.  You just knew this was going to be yet another fucking flea circus.

Thu, 03/31/2011 - 15:13 | Link to Comment ForeKingHail
ForeKingHail's picture

Who's released the files?

Thu, 03/31/2011 - 15:12 | Link to Comment Critical Path
Critical Path's picture

Arguably the worst organization of information I have ever encountered... of course this is only coincidence

Thu, 03/31/2011 - 15:16 | Link to Comment AlaricBalth
AlaricBalth's picture

Looks like JP Morgan's rollover problems in the Asset Backed Commercial Paper market were more serious than previously reported. Billions upon Billions in loans through the Feds ABCP Emergency Credit Program. By far the largest borrower. I am not one to editorialize but the numbers are staggering.  Looks like JPM CEO Dimon's late 2007 private meeting with then Treasury Secretary Hank Paulson concerning revival of the ABCP market may have had quite a few benefits for JPM.

Thu, 03/31/2011 - 15:18 | Link to Comment jal
jal's picture

Lots data ... must connect the dots before arriving at a conclusions.

Must have been presented this way on purpose.

 

Question:

Which failed banks got money and are now failed?

Which banks on "watch list" got money?

jal

Thu, 03/31/2011 - 15:32 | Link to Comment CitizenPete
CitizenPete's picture

Which Banks/Corporations got money that didn't ever exist?

Thu, 03/31/2011 - 15:37 | Link to Comment godzila
godzila's picture

excellent question !

Thu, 03/31/2011 - 15:33 | Link to Comment Threeggg
Threeggg's picture

My Cache is full ?

Thu, 03/31/2011 - 19:17 | Link to Comment andybev01
andybev01's picture

Yeah, but you still have street cred.

Thu, 03/31/2011 - 15:38 | Link to Comment vas deferens
vas deferens's picture

"FED Dump"

25,000 pages of steaming bullshit

Thu, 03/31/2011 - 15:42 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Wow. Talk about incompetence.

I'm beginning to have hellish recalls of their 'sophisticated treasury buying' operations at 33 Liberty using a Commodore 64 and 3 college interns.

 

The critical key with this data is to analyze it and then be able to factually explain it to even the most average American in a way that causes them to see red and want to engage The Federal Reserve with a newfound appreciation as to how their future and their childrens' futures are being raped.

Thu, 03/31/2011 - 15:43 | Link to Comment Nepenthe
Nepenthe's picture

FOIA Request No. 2010-282/Category 1,2 & 3/20090317-20100301 Primary, Secondary and Emergency Credit Originations and Term Loans

7938 pages this doc alone.

Title "Emergency Credit by Program Type Outstanding on: 3/17/2009" Restricted FR (assuming Federal Reserve??) Total Outstanding $311,655,679,917

Type of Emergency Credit ABCP (??)

First 44 lines are JPM Chase- had just over $7.3 billion maturing by 6/29/09

 

Page 4 Type of Emergency Credit IPC- (??)

AIG- 16 entries,  all maturing 9/13/2013- outstanding $45,031,443,539

No wonder the Fed said FU to the Maiden Lane bullshit......

 

All I got for now

Thu, 03/31/2011 - 15:47 | Link to Comment jkruffin
jkruffin's picture

How about ZIONS Bank-  Primary -  $500 million with no collateral listed  LOL

Or better yet,

1/4/2008 Calyon Financial (which is not a bank but a brokerage/securities/investment firm) gets millions with no collateral listed.  WTF?

 

Oh, Lordy!!!!!!! I think it is time to ask for Bernanke's resignation along with Treason charges.

Thu, 03/31/2011 - 15:49 | Link to Comment I am Jobe
I am Jobe's picture

Shows how idiotic our Govt is. PDF, wtf, cant they collate this crap or put thison a website. No wonder USA is f'd up,

Thu, 03/31/2011 - 15:57 | Link to Comment john milton
john milton's picture

“NORDEA BK FINLAND PLC NY BR,” which received $25 million on Aug. 16,

 

thanx ben,

green shoot greetings from Finland

Thu, 03/31/2011 - 16:05 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Come on third world internet! 50 kb/s

Thu, 03/31/2011 - 16:19 | Link to Comment Nepenthe
Nepenthe's picture

CPFF (Commercial Paper Funding Facility, a FED entity) needed $238,402,207,000. It is classfied as "Emergency Credit." So the FED itself had an emergency and bought quite a bunch of shitty paper. According to NYFED site, CPFF closed in Feb 2010. Is this crap paper still on the books?? 

Thu, 03/31/2011 - 16:31 | Link to Comment jkruffin
jkruffin's picture

Listed in the "other assets" reporting of course...

Thu, 03/31/2011 - 16:45 | Link to Comment johngaltfla
johngaltfla's picture

Our very preliminary question is whether the Fed really expects the US public to believe it does not keep track of the collateral it lends Discount Window money against, and if that rhetoric question is false, then why is collateral data not disclosed?

 

Tyler, you're asking the exact same questions everyone is. I'll be plowing through it this weekend. And I don't buy the bullcrap from them either..thanks for the link.

Thu, 03/31/2011 - 17:08 | Link to Comment Widowmaker
Widowmaker's picture

END THE FED.

Thu, 03/31/2011 - 18:52 | Link to Comment GeneH3
GeneH3's picture

A well-known tactic of big case litigators is to make such a dump in discovery if they knew the data would be required to be disclosed eventually. In an antitrust suit brought by the justice department a few decades ago, IBM delivered trailer truck loads of documents so as to inundate the department for months or years. Ultimately the court required IBM to develop a data base of the documents. When the Regan administration came in, the suit was dismissed as, among other reasons, too expensive to justify prosecution for a result that was not especially useful. On the day the case was dismissed by the judge the data tapes were destroyed. Potential private plaintiffs appeared before the judge the next day asking him to preserve the data index, but (gee, I'm sorry judge, we erased them yesterday as there was no order then to preserve them . . .) it was too late.

The Fed's stonewalling because the sheeple "can't handle the truth" even after the SCOTUS ruling, will continue in as many ways as they can get away with, even if for a short period to make the relevalation become less potent.

Thu, 03/31/2011 - 20:50 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

So when are yous citizens going to knock down the Non Federal Reserve building,brick for brick/block by block.???

Should be soon,once the Little Macs run out

                                 (shrunken Big Macs)

Thu, 03/31/2011 - 21:26 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Hey ,it's you's allowing this to happen,not me...

They won't even let me over the border,thank ali,ali.

Time to bring the Non Fed down...

Do NOT follow this link or you will be banned from the site!