'..The Supreme Court .. gave the Fed 5 days to release the information..' - 'Important Step in the Right Direction'

'..every trip begins with a single step.'

<blockquote>'In a rare victory for common sense, the Supreme Court has rejected appeals by banks and the Fed that disclosure of the emergency loans by the Fed to various banks in 2008 were "trade secretes". The court gave the Fed 5 days to release the information.

...

Important Step in the Right Direction

Whatever excitement there is, will last all of a day. However, this was an important step in the right direction, that removes some unwarranted secrecy at the Fed.

The Fed hides behind a cloak of secrecy, doing what they want, when they want, with no disclosure, and no accountability to anyone.

Five Steps to Eliminate the Fed

The first step is a full disclosure of what happened. The second step is a full and complete audit. The third step is a plan to phase out the the Fed. The fourth step is Congressional approval of that plan. The fifth and final step is removal of the Fed itself.

This first step was a very small one actually, but every trip begins with a single step.'

- Mish, Supreme Court Gives Fed 5 Days to Release Emergency Bank Loan Details; An Important Step in the Right Direction, March 21, 2011</blockquote>


Context: '..Banking Reform, and the Future of Capitalism..'

<blockquote>- 'Economic Recessions, Banking Reform, and the Future of Capitalism' - By Jesús Huerta de Soto

- 'The mounting debt burden of the world’s most developed nations .. is unsustainable..'

- '..I do not like either the Democrat or the Republican proposal.' - Ron Paul

- '..if 'we' really wanted monetary stability..'

- 'Bernanke .. the Reichsbank..'

- Current Decade of Job Losses vs. Great Depression... - Mish</blockquote>