Eric Platt
Source: Business Insider
Apr. 16, 2012, 3:50 PM
The Federal Reserve has agreed to make the transcripts of Federal Open Market Committee meetings held between 2007 and 2010 open to the public, pursuant to a Freedom of Information Act request.
The minutes, which have been heavily redacted, give some insight into what the Federal Reserve was doing when the country headed into its deepest financial crisis since the Great Depression.
Of the more than 7,000 pages the Federal Reserve says it reviewed before the release, it will make 513 available.
The Federal Reserve typically waits some five or more years before releasing full transcripts of the Federal Open Market Committee meetings, which offer a greater view into the Fed’s thought process than the posting of monthly minutes.
Click here for the minutes (PDF) >
In January, the Federal Reserve released full transcripts from its 2006 meetings.
An analysis by Business Insider found surprisingly dismissive conversation at the nation’s central bank, including jokes comparing the housing market to Brad Pitt’s newly adopted child.
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I skimmed through the 513 pages, and “heavily redacted” is an understatement! There is nothing in there…no business details to go on…all blacked out, except proof of what a freakin’ dog and pony show it is! What a joke! Bunch of laughing and joking…is this what Dylan wanted to “uncover”? Skip down to the August 2010 meeting and read what they say when thanking Brian Madigan for all his “hard work”….about signing the dollar bills. Bunch of frat boys, it sounds like.
Oh man, the sooner this thing comes tumbling down, the better off we will be. I struggle every frickin day to pay my bills, and this really pisses me off. Bring in the cavalry! It is LONG OVERDUE!
I didn’t even bother. I sensed this is the way it would be. It’s not a joke; it’s an insult to us all! HUgs, ~Jean
Definitely an insult to us all, Jean. Here is a video of Dylan Ratigan talking about the lame attempt at transparency of releasing just these 513 blacked-out pages of 7000. I love when he says (and I paraphrase), “They have alot of luncheons, so they are definitely well-fed!” I love this guy! http://www.dylanratigan.com/2012/04/16/fed-docs-and-the-revolving-door/
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Please someone go through this and suck out the good bits and put it on a plate like little snacks for us so its easier to digest I don’t have the time to read all that boring crap!
No wait… bet DW is already on top of it!
no doubt Alex