I took this from the Golden Truth. A good short read. Click below to see it all on his blog.
The media has been happily reporting that the Fed is making itself "more transparent" with the news that Bernanke will now give quarterly press conferences AND that today the Fed releases the names of the banks who borrowed from the discount window during the 2008 banking system collapse. The quarterly press conference is a bunch of b.s. because Bernanke, following in the footsteps of Greenspan, really doesn't say much when his lips are moving and he has for sure issued many non-truths. And disclosure of the names of banks that took discount window money should not be news to anyone who is paying attention.
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