FOIA

Tyler Durden's picture

UK Treasury Relases FOIA On Gordon Brown's 1998 Gold Sale, Catches Tony Blair Lying, Questions US Treasury's Good Delivery Standards





One of the bigger stories in the UK over the past several days, has been the increasing pressure on Prime Minister Gordon Brown to justify his sale of 395 tons of gold in 17 auctions in the period from 1998 through 2002, when Brown was Chancellor of the Exchequer, a role identical to the one Tim Geithner now performs in the US as Treasury Secretary. The issue is that in the abovementioned period, gold was trading at the rock bottom prices of the past two decades, and as such his rush to sell is estimated to have cost UK taxpayers £6 billion. One reason previously given to Parliament, to explain the transactions from Treasury ministers and Tony Blair was that the sale was made 'on the technical advice of the Bank of England.' Today the UK Treasury has released long-withheld FOIA documents which disprove this claim, and indicate that in fact the BOE was if not completely against selling the bullion then certainly waiting until the price improved. Furthermore, as the Daily Mail reports, "A source close to the Bank of England said last night: 'It was not our
decision. It was their decision and we simply provided technical
advice. Then it was up to them.'
" Yet, in light of recent LBMA manipulation revelations by GATA, it was most likely the association itself and its member banks which pressed the then relatively new Chancellor to do something against the interest of his people, potentially with promises of further rank extension in the "public services" arena. So far, they have not disappointed. 

And while the question of domestic UK politics is quite relevant, we uncover something very important as pertains to our very own US Treasury, its auctions of gold in 1979, the four-fold surge in gold prices in the 1979-1980 period, and the trampling of the London Good Delivery standard by the US Treasury.

 
Tyler Durden's picture

Bloomberg Responds To Fed FOIA Appeal, Blasts Bernanke's "Hyperbolic Speculation" Of Economic Collapse





"The Board’s interests in secrecy are, in fact, aligned with the banks’ interests and are contrary to the public interest. The Board wishes to continue to lend trillions of dollars of public money without oversight or accountability, and the banks wish to continue to reap the benefits of their access to public money without their depositors or shareholders – or the public at large – knowing anything about it...the public has a manifest interest in understanding and evaluating the government’s response to the recent economic crisis, in safeguarding its money, and in knowing whether its government is doling out its money to private entities imprudently." - Bloomberg L.P.

 
Tyler Durden's picture

FDIC FOIA Discloses Pandit Future Could Promptly Converge With That Of Ken Lewis





It was immensely refreshing to find an actual probing piece of investigative journalism coming out of Reuters, instead of the traditional regurgitated, opinion-based, fluff-filled, secondary source monologues (we prefer the British spelling) we have become accustomed to seeing out of the Thomson Reuters behemoth. In a rare example of how even the MSM gets it right sometimes, Matt Goldstein has done an admirable job of connecting the dots based on a FOIA request he had submitted to the FDIC, in which the insolvent (as of today) Deposit Insurer has provided Goldstein with a unique glimpse into the daily travails and activities of its boss, Sheila Bair, and how they may have a direct bearing on the future of none other, than a very troubled Chief Executive Officer.

 
Res ipsa loquitur's picture

FOIA NOT DOA: District Court Holds Federal Reserve Improperly Withheld Records From Bloomberg





August 24, 2009 will undoubtedly go down as a day of celebration at Zero Hedge as the thus-far bullet proof Federal Reserve was ordered to produce documents improperly withheld from Bloomberg reporters Mark Pittman and Craig Torres.

 
Tyler Durden's picture

Federal Reserve Loses Bloomberg FOIA Lawsuit, Sensitive Disclosures Forthcoming





Score another one for the little guys.

 
Tyler Durden's picture

Judicial Watch Files FOIA Lawsuit Against US Treasury, Did Barney Frank Overstep His Authority?





Our activist friends over at Judicial Watch are just getting started. Recently, they filed a lawsuit against the US Treasury to "obtain records related to evaluation procedures used by the government to determine which financial institutions received funds from TARP. The focus of the inquiry is a potentially iniquitous $12 million cash injection provided to Boston-based OneUnited Bank, at the urging of Barney Frank.

 
Tyler Durden's picture

Treasury Responds To AIG FOIA, Releases 145 Pages Of Information





The Treasury has provided a substantial FOIA disclosure packet to the good folks over at Judicial Watch. At this point we are awaiting a similar FOIA response from the Fed, which was requested by Zero Hedge previously and we expect to have it within 1 month.

 
Tyler Durden's picture

Federal Reserve Responds To AIG FOIA Request, Davis Polk And Morgan Stanley Data Forthcoming





Zero Hedge recently submitted a FOIA to the Federal Reserve regarding information prepared by Davis Polk and Morgan Stanley in their capacity as legal and financial advisors to the Fed in its negotiations on whether or not to push AIG into bankruptcy. We present their response.

 
Tyler Durden's picture

Exclusive: Zero Hedge Receives FOIA Response On Perella-Weinberg Compensation





After several months, the FDIC has been kind enough to provide Zero Hedge readers with the information requested on Perella Weinberg's compensation (good to know bank liquidation pays a nice $4.6 million a year), and the balance on the DIF (which is somewhat stale as the FDIC recently reported that information in its quarterly update and Zero Hedge discussed the topic). Under the umbrella of the Freedom Of Information Act, I present the information as received from the FDIC unadulterated.

 
Tyler Durden's picture

FOIA Disclosure Busts Paulson, Geithner And Bair





Judicial Watch, which lucked out majorly on a FOIA request to the Treasury, has received several hundred pages of stunning revelations, among which are that Hank Paulson essentially used the same tactics that he used on Ken Lewis on a group of nine bankers at the October 13 meeting which apportioned government investments to the various "critical" banking institutions.

 
Tyler Durden's picture

FOIA Disclosure Busts Paulson, Geithner And Bair





Judicial Watch, which lucked out majorly on a FOIA request to the Treasury, has received several hundred pages of stunning revelations, among which are that Hank Paulson essentially used the same tactics that he used on Ken Lewis on a group of nine bankers at the October 13 meeting which apportioned government investments to the various "critical" banking institutions.

 
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