GATA drops new year’s bombshell on the Fed.
By Daniel at 30 December, 2009, 7:16 pm
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by Il_Bagattel @, Wednesday, December 30, 2009, 14:45
GATA sues Fed to disclose gold market intervention records
Submitted by cpowell on 10:33AM ET Wednesday, December 30, 2009. Section: Daily Dispatches
2p ET Wednesday, December 30, 2009
Dear Friend of GATA and Gold:
GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.
The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:
http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf
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