Federal Reserve Ordered to Release Bail Out Documents

Just exactly who does this Bernanke clown and his cronies think they are, the CIA?

Not only do the American taxpayers have a right to know this information, the Fed has an obligation to provide it in a timely fashion. If the Fed deemed that the disclosure of their actions could be damaging to its ability to perform, or otherwise detrimental to the public, then it should have undertaken some other course of action to begin with.

If this goes to the Supreme Court, and if that court affirms the withholding of this information from the American public, then we're screwed worse than even I could have ever imagined.

....the parasites will continue to hide beneath the muddied waters and continue to feed on the host

Obama's an idiot.

Scumbag Bankers, Scumbag bankers, Scumbag bankers
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Hang them all....

I can't understand the "anger" over a few people, at the top. Don't you people understand that thousands of little people own bank stock, or have it in their IRA's. GO AWAY, "anti-bank" TROLLS... BE GONE!

I lost 90% of my inheritance, due to being sucked into a black hole, with a TARP Bank, Marshall & Isley (MI), last year. My dad lived, worked and invested 88 years and 8 months, just to provide a subtantial inheritance to me, his only son (disabled, 52 yrs.). I am NOT a big banker and if I was, I'd give some of it away, to stay trim.

The only thing that I can figure is that some people are either jealous (why, I cannot guess, when you see all the trouble that the rich have), or they suffered a severe-trauma inside a bank, when they were young. I have always been pleased with the courtesy and service of Southwest Bank, an M&I Bank. Why do you think that I invested in my bank? I like it and the tellers are great people, who also lost money when this went down.

Sub-moronic illustration: The Captain of the Titanic did you wrong, long ago... Well, when you heard it had sunk, you cheered, because the cpatain was killed... Guess what? SO were over a thousand little people, like myself.

Listen! You DO NOT create a crisis, to "spread the wealth." Then, raise the capital requirements and require a stress-test, which is overkill, so you draw as many banks into the net. You can't pay back your loan, you can't loan it out irresponsibly (DUH!), welcome to TARP-world... So, your company's stock (uh, the "owners" of the bank) are fleeced, their dividend goes to .01 and guess what? The governemnt declares a HUGE dividend, payable to the U.S. Treasury. What is so terrible about a bank, so long as you learn from your mistakes (too large a loan). Whatever! You DO NOT STEAL, "to spread anything." You need gas money, ask me? But if you STEAL, you shall pay every last cent back, just like the Bible says.

I would hang the "anti-bank" trolls, then I'd file a class-action lawsuit against the government:

EXHIBIT 1: T.A.R.P.

I cannot rememer all the bizzarre internals, but this was a scheme and dishonest. If I percieve you to have more money than I, should I just reach into your pocket and take it? That's the message and the BIGGER the theif, the more problems, for all (except for the "anti-bank" TROLLS... We hung them, three paragraphs, ago.

Good night!

Honest change, or money grab?

2009 took 90% of my inheritance, within the first five months... I was a shareholder of Marshall & Isley, the parent company of Southwest bank, in Saint Louis.

They are a "good" regional bank, with a history of increasing dividends. In January of 2009, on the day of our President's Inauguration, bank shares plummetted on fears of what the new Administraion might do... Stocks hate uncertainty, especially banking stocks. Well, I took quite a haircut (over $500 K). I assumed that it was an over-reaction, but later in the Spring, the President reiterated his passion for "financial reform" and there was another gut-wrenching drop, in the banking stocks. Ironically, I agree with him, that the rules and procedures for finances need updating, but where in the world, does the Administration come-off with the legal right to siphon private profits away from banks, through a bogus "preferred" dividend, created soley for this purpose?

Our family had banked at Southwest for years and we trusted them. When I bought stock in them, I thought that I was doing a good thing, supporting Southwest. They were among the first to voluntarily extend people's home loans. Good community involvement and good corporate governance. Safe, until they became the scapegoat for an inflated real-estate market, corruption in Paris and then Madoff, brokerages and a pause, during a long history of over-production/consumtion... They were crucified for being a bank in the middle of a cauldrin of crooks. Hedge-fund mangers, short-sellers and investment houses, but NOT banks. President Obama almost destroyed me and lot of others. Luckily, I am getting a $500 refund (after the $500 K slapping). Just like my bank, I feel raped,but I am learning and loosing patience and tolerance for those who say TARP was "good." The theif stole 90% of the coffer! I have less and less patience with those theiving, lying, twisted politicians than I have ever experienced. Come November, make you voice known!

If President Obama can provide the kind of basic healthcare, which the poor need, that will cool my anger. But if he (his party), take this opportunity to inject political garbage and to scam the doctors, then he's lost my support. Two strikes and you're out, when it comes to these magnitude of decisions. We cannot allow a third shock wave to paralyze private investment, the world and my retirement! Well, I am an only child. :-)

I am now poor... I can apply for Medicaid, I suppose. Imagine, able to fly anywhere in the world or have anything that I would want, to being a virtual slave, to the regime. They took over my bank and carted the profits out the rear door ("preferred" dividend, issued to themselves!). I lost half a million and now, I live month to month, wondering if healthcare is destines to suffer a similar fate. If so, then it's time to get my affairs in order, and time to prepare to meet the Lord.

2009 was the "year from hell" and I can only wonder what "changes" remain. They've got everything, but I still plan to write about what I learn, concerning TARP and the huge robbery, that has occurred... HAHA, Southewst Bank is the location that Hollywood choose to film The GREAT BANK ROBBERY, many years ago! What a grim coincidence. Oh well,it's only money, right?

I do believe, that I have a right to see the "strings" attached, in full. TARP (Treasury-assisted Robbery Plan), is not just bad business, it's illegal by all standard of law. If not, gut those pages and begin, again. Step, by step, above board, all the way... Transparency is essential, or half this nation is going to be in a bad mood, either over the moneythey lost, or over the principles of law being viloated, to hit the shareholder.

They won't even say, mum... I am disappointed in Southwest, for the first time. Just a kid, saying if i'm interested in wealth-management... Gosh, where ws he a year ago, when over $500 K disappeared, leaving less than fifty.

Obama's staff was worse! They refused to say one work about the TARP issues, I raised... WHY?! They had a suicide prevention angency, here in St. Loius call me, to see if I was ready to take that big jump, at "The Empire Hancock Building." I laughed and said no, since I had the muchies and was savoring a piece of fine chocolate, at the time. I was in bliss... What poor timing!

It's like, never mind about the issue, I raise... Are you suicidle? Too angry to be depressed (you cannot, easily, attain both states a the same time).

Oh well, I don't know where all this goes, but I have my proof, tax return for 2009, finished and many unanswered questions as to the motives for this specious plan. It's like when Bush was wandering the destert, looking for weapons of mass-destruction... Well, none here. TARP will someday be revealed and it'll be the time when America was raped and piligaged. Just because Obama was cheerleading, doesn't mean that this won't have serious legal consequences. "It certainly, wasn't right!"

Mike, this is hardly about how well or poorly you did with personal investments. I lost a lot of money over time with bad guesses and even more with inaction. I did get a few things right also. First rule of investing: Do not put all eggs in one basket as that is very risky. The heavy basket got burned, but the lighter ones remained ok.
As to the blog and the suit actions - this will prove very interesting. Since the lower courts are already leaning toward disclosure this high court is likely to find itself in quite a pickle as if they overturn the rulings they will put their integrity in jeopardy. Probably will not mean too much unless this becomes a media issue that is widely displayed for public scrutiny. The possibility of the last line will be great - no matter as it would remain a solid news issue. On the other side of the coin it would seem that the Fed has something that they would rather keep to themselves. Depending on what "secrets" are being kept it could range from nothing to Ben finding his head on the block. Anything is possible these days. The Brits just canned the speaker of the house of parliament for dubious expenditures and I don't believe that position is an elected one.

William, as by way of explanation, my portfolio was diversified, at first... Then, MI started down. Well, I was advised to hold and it would be back. After selling 3 mutual funds and 3 CD's, I could not longer meet the margin calls and Scottrade forced a "liquidation." The advisors who istructed me to hold, were all older, more experinced investors. They said, "Whatever you do, don't sell." Well, after six margin calls, I refused to cash my last $50 K CD, just to see it go down the tubes, too. That's survival money. I can see where my cost basis was getting lower and lower, and should it have turned around, WOW! My pockets weren't deep enough, to float 76,000 shares of MI... I started with just 10,000 shares and most of that was in Mutuals and even different Fund Families and asset allocations. I just didn't realize that there was a roberry going on, so I trusted that, as in the past, HOLD, don't sell, so I kept buying more and more, then the margins, then it was "liquidated.

I have this problem with water sking, too. When I fall, I tend to hold on to the ski rope and that, drags me to the bottom.

Yes, this will be very ineteresting, but I doubt whether they will print any of this for public consumption, since it cast a bad light on the "Team." We'll see, soon!

Thanks for the comment.

Mike Sanders

I'm over the money-thing, now. My health is my #1 priority,now.

Only in American banks, do they leave the vault door wide open, while all the ball-point pens are chained to the tables.

I like this Obama fellow, too. I just don't like his work. It a safe context, he'd be interesting to meet, but I just want him out of the loop, where finance, defense and healthcare are on the table. He doesn''t have the experience to realize that his, older and wiser, advisors are all old Washington-insiders, whose souls were auctioned off, long ago. Barney Frank, no I'm not going there, enough aggravation for now.

Many things are actually simpler, now. Income tax will be a breeze, from now on... I don't sit in my room, chain-smoking, as I day trade (and invest in funds). Many decisions about travel, marriage and material decisions are now, settled. I look up at the sky, again and I'm way closer to God... I should have been, all along, but there's nothing like loosing 90% of your entire monetary wealth, to catch your attention (and I DO feel happier!).

Right after this happened, I was sitting in line at Jack-in-the-Box and started to laugh, relizing that I had but 10%, in return... "Now, I know how God feels!" It was a nice musing, to think that I'd seen through God's eyes... He gives ALL and He only gets 10% back, in tithes." It all in one's persecptive and how something catches me... The laugh was worth a ""million bucks!" Don''t tell the I.R.S.!

Mike, trusting in others is not my bag. I can screw it up all by my self. The good part of this thinking is that I don't have to look hard for someone to blame. I wish you well and hope that you find a way to regain at least enough for comfort as I doubt that the immediate future is all that bright for all of us. True, we need banks and we need finance and their functions are an integral part of a working economy. But on the same note, when the people in charge of these institutions behave like blatant greedy idiots, it puts the entire system in quicksand. I would really like to believe that all ill is over and the road to recovery is at hand. I don't. I think that there will be a second round that will be far worse the the first. If one w2ishes to be an optimist they have to have faith in the ability and wisdom to those that sit on Capitol Hill and I believe that current stats show that public opinion is encroaching on an all time low.