So, the Federal Reserve has refused to release any details about the participants in its various bailout plans:

The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.

When you look at the recent financial scandals Madoff and Dryer, one question that keeps coming up is, “How could two guys, acting largely on their own, concoct such large criminal enterprises?”

Based on the Federal Reserve’s reticence in releasing even the most basic details of their 11 sh^%pile for cash programs, I would feel compelled to state that it is a distinct possibility that such corruption is not the exception, but the rule, and that they are terrified that an independent investigation will turn over enough rocks to completely destroy Wall Street, because they will run out of gullible idiots to sell their stuff to.

In any case, the court proceedings should be interesting.