To HalfLotus, zaku, and other anti-Fed obsessives: Judge orders Fed's FOIA disclosure within 5 days

[Felch]

According to Bloomberg, an industry-owned group called The Clearing House Association filed an accompanying declaration that read in part: “There are numerous examples of financially sound institutions collapsing or suffering further financial deterioration from the loss of public confidence.”

If a decrease in public confidence can wipe out a "financially sound institution," then "financially sound" must mean something else where you're from.

Why would any serious person argue against revealing more information about the market? The only people afraid of transparency are liars and frauds.

[HalfLotus]

“There are numerous examples of financially sound institutions collapsing or suffering further financial deterioration from the loss of public confidence.”

This is a blatant doublespeak. We're talking about banks that got Fed "bailouts", in which case they weren't financially sound. Nor are/were institutions suffering from 'further deterioration'.