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	<title>dragonfly ranch blog &#187; Society and Culture</title>
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		<title>Mainstream call for investigation of 9/11?</title>
		<link>http://dragonflyranch.com/blog/2009/05/30/mainstream-call-for-investigation-of-911/</link>
		<comments>http://dragonflyranch.com/blog/2009/05/30/mainstream-call-for-investigation-of-911/#comments</comments>
		<pubDate>Sat, 30 May 2009 17:15:14 +0000</pubDate>
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		<description><![CDATA[Hi This recent live interview was on a Fresno CA local Fox station news program!!! . The friend who sent it said: &#8220;This had to have been approved by the FOX management. The break in the dike has now happened. It&#8217;s all down hill from here until everyone knows the truth about all issues discussed [...]]]></description>
			<content:encoded><![CDATA[<p>Hi <img src='http://dragonflyranch.com/blog/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /><br />
This recent live interview was on a Fresno CA local Fox station news program!!!<br />
.<br />
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<p>The friend who sent it said:</p>
<p>&#8220;This had to have been approved by the FOX management.<br />
The break in the dike has now happened.<br />
It&#8217;s all down hill from here until everyone knows the truth about all issues discussed here.<br />
Watch this video.  It is clear that this live interview is an orchestrated effort to begin airing the truth about 9/11.<br />
Even down to the last words of the segment of the news anchor. Key words indeed.<br />
This broke first in Denmark, and is now being reported in the US.&#8221;He is interviewed on danish TV2 News.<br />
People can see a full transcript, news, forum and the video in high quality here:<br />
<a href="http://agenda911.dk/article.php?story=nanothermite_tv2news">http://agenda911.dk/article.php?story=nanothermite_tv2news</a><br />
Another site in danish is encouraging people to stand forward demanding a new investigation here:</p>
<p>http://www.i11time.dk/</p>
<p>The full report from the scientists can be found here:<br />
<a href="http://www.bentham-open.org/pages/content.php?TOCPJ/2009/00000002/00000001/7TOCPJ.SGM" target="_blank">http://www.bentham-open.org/pages/content.php?TOCPJ/2009/00000002/00000001/7TOCPJ.SGM</a></p>
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		<title>Mattthews messages of hope</title>
		<link>http://dragonflyranch.com/blog/2009/03/08/mattthews-messages-of-hope/</link>
		<comments>http://dragonflyranch.com/blog/2009/03/08/mattthews-messages-of-hope/#comments</comments>
		<pubDate>Sun, 08 Mar 2009 20:07:31 +0000</pubDate>
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		<category><![CDATA[Barack Obama]]></category>
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		<description><![CDATA[        /Hello Everyone &#8230;.. some days we get a little down and so we     forget what we know. Maybe these little excerpts from Matthew&#8217;s     messages will help cheer us up. /     //     //     /*May 21, 2008*/     //     Free [...]]]></description>
			<content:encoded><![CDATA[<p> </p>
<p> </p>
<p>    /Hello Everyone &#8230;.. some days we get a little down and so we</p>
<p>    forget what we know. Maybe these little excerpts from Matthew&#8217;s</p>
<p>    messages will help cheer us up. /</p>
<p>    //</p>
<p>    //</p>
<p>    /*May 21, 2008*/</p>
<p>    //</p>
<p>    Free will choices of the majority have been made and now, without</p>
<p>    influencing those choices one whit, we can reveal that in the</p>
<p>    _energy field of potential_, Obama?s momentum always was</p>
<p>    unstoppable, and we can tell you that this highly evolved soul with</p>
<p>    many lifetimes as a wise and just leader came from a spiritually and</p>
<p>    intellectually advanced civilization specifically to rise to his</p>
<p>    current prominence.</p>
<p>    At soul level he knows this is his mission, but consciously he is</p>
<p>    aware only of his innate <a class="zem_slink" title="Leadership" rel="wikipedia" href="http://en.wikipedia.org/wiki/Leadership">leadership</a> abilities and genuine intent to</p>
<p>    serve his nation as he so states; in time he will become consciously</p>
<p>    aware of his origin and purpose for embodying in this lifetime. Once</p>
<p>    he is in office, some darkly-intentioned persons expect to control</p>
<p>    him just as they and others before them have controlled a succession</p>
<p>    of <a class="zem_slink" title="President of the United States" rel="homepage" href="http://www.whitehouse.gov/president/">US presidents</a> and many members of Congress. However, that vicious</p>
<p>    kind of governing is at an end, and contrary to the protestations of</p>
<p>    <a class="zem_slink" title="Hillary Rodham Clinton" rel="homepage" href="http://clinton.senate.gov/">Hillary Clinton</a> that this race is not over, she and other top</p>
<p>    <a class="zem_slink" title="Illuminati" rel="wikipedia" href="http://en.wikipedia.org/wiki/Illuminati">Illuminati</a> know they are witnessing the demise of their ?secret</p>
<p>    government?; therefore, the Obama family members are among the most</p>
<p>    intensely light-protected persons on <a class="zem_slink" title="Earth" rel="wikipedia" href="http://en.wikipedia.org/wiki/Earth">Earth</a>.</p>
<p> </p>
<p>    //</p>
<p> </p>
<p>    /While that election is of undeniable importance, foment leading to</p>
<p>    benevolent changes in other countries? governments is of paramount</p>
<p>    significance too. The myriad reforms underway span the globe?WORLD</p>
<p>    transformation is what is occurring?_and in time, every leader in</p>
<p>    every nation will be a lighted soul._/</p>
<p> </p>
<p>    //</p>
<p> </p>
<p>    /*November 21, 2008*/</p>
<p>    //</p>
<p>    /Prior to birth/ all peoples now on the planet (that means ALL of</p>
<p>    us) knew the soul who would incarnate as <a class="zem_slink" title="Barack Obama" rel="homepage" href="http://obama.senate.gov">Barack Obama</a> and joyfully</p>
<p>    agreed to his becoming president of the <a class="zem_slink" title="United States" rel="geolocation" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667 (United%20States)&amp;t=h">United States</a> to lead that</p>
<p>    country and the world into the Golden Age.</p>
<p>    All participant souls were born with that <a class="zem_slink" title="Knowledge" rel="wikipedia" href="http://en.wikipedia.org/wiki/Knowledge">knowledge</a>, but it was</p>
<p>    forgotten in the adjustment to ?life in the flesh? and its needs,</p>
<p>    and even more so, indoctrination by family, educators, religion and</p>
<p>    society. But they all knew that would happen because it is inherent</p>
<p>    in third density embodiment; therefore, according to the plan, light</p>
<p>    in ever increasing intensity has been provided by beings throughout</p>
<p>    the universe to merge Earth peoples? consciousness with their soul</p>
<p>    level knowingness.</p>
<p> </p>
<p>    So what is considered in your world to be a recent political event</p>
<p>    had its beginnings long ago in your counting of time and is far, FAR</p>
<p>    more than Obama?s imminent presidency!</p>
<p> </p>
<p>    Think of the innumerable times ?historic? has been used to describe</p>
<p>    this, and rightly so! However, most people have no idea how truly</p>
<p>    historic it is?they have not yet reached their soul?s knowledge that</p>
<p>    includes what I just explained or what I and other sources of</p>
<p>    messages have told you through our receivers: /This era on Earth is</p>
<p>    unique, what is happening is unprecedented in the universe. /</p>
<p> </p>
<p>    Replace your concerns about his safety with gratitude for the shield</p>
<p>    of protective Christed light surrounding him, and yes, the light in</p>
<p>    your prayers does indeed add to his well being.</p>
<p> </p>
<p>    _We encourage you to be patient while everything unfolds_, knowing</p>
<p>    without any doubt whatsoever that the light is in control!</p>
<p> </p>
<p>    This applies to the global economic situation too. There is no way</p>
<p>    to sugarcoat the bleak news that this is worsening, however, we do</p>
<p>    ask that you remember what was in a recent message (see next</p>
<p>    paragraph) about your agreement to experience this and your innate</p>
<p>    ability to handle it.</p>
<p> </p>
<p>    *Excerpt from October 22, 2008 message*</p>
<p> </p>
<p>    We have been asked how people around the world will weather the</p>
<p>    effects of what finally is called what it is, an international</p>
<p>    economic crisis, and we can only say that this is like in any other</p>
<p>    situation on the planet: The universal <a class="zem_slink" title="Law of Attraction" rel="wikipedia" href="http://en.wikipedia.org/wiki/Law_of_Attraction">law of attraction</a>, or ?like</p>
<p>    attracts like,? which is totally neutral and constantly in</p>
<p>    operation, will serve each individual in accordance with his or her</p>
<p>    perception of and reaction to personal situations. The energy sent</p>
<p>    forth by those who see themselves as tragic victims will zoom out</p>
<p>    and draw to itself the energy of thought forms in the ?universal</p>
<p>    soup? that match the individual&#8217;s thoughts and feelings, and the</p>
<p>    energy combination will manifest ?tragic victim? circumstances for</p>
<p>    the person to deal with. Those who feel genuine gratitude for what</p>
<p>    they have will be provided with more to be grateful for, and the</p>
<p>    energy of sharing with an open heart has the same positive result.</p>
<p> </p>
<p>    But always _the foundation of <a class="zem_slink" title="Weathering" rel="wikipedia" href="http://en.wikipedia.org/wiki/Weathering">weathering</a> any distressing situation</p>
<p>    is staying out of fear about it_! The magnified energy of fear</p>
<p>    assures that the law of attraction will bring fear-filled</p>
<p>    circumstances to the fearful person. How long it will take to reach</p>
<p>    the end of the tunnel and what you will encounter during the</p>
<p>    transition from the totally corrupt system that is collapsing to an</p>
<p>    honorable system that will serve all peoples fairly we don&#8217;t know.</p>
<p>    If we could give you a timetable, we would, but exactness in your</p>
<p>    time for completion of all details cannot be determined in this</p>
<p>    moment. The darkness that for millennia has produced dire situations</p>
<p>    for Earth and her resident life forms to contend with cannot be</p>
<p>    undone overnight?that is, not by the energy of third density</p>
<p>    thoughts. Few people know the phenomenal power of their thoughts or</p>
<p>    know that never before have changes the magnitude of world</p>
<p>    transformation and spiritual renewal come with the astounding speed</p>
<p>    and scope of the Golden Age plan. We urge you to look within and</p>
<p>    reach what your souls know: This is a time not for impatience or</p>
<p>    doubting? /and especially not fear!?/but for steadfastness in hope,</p>
<p>    optimism, gratitude and LOVE!</p>
<p> </p>
<p>    I believe it is well worth my repeating something else: Earth?s</p>
<p>    ascension is assured and on pace; it is up to each individual to</p>
<p>    decide to physically accompany her. If it is your wish to do so, the</p>
<p>    energy of fear or other negative attachment is not your ally because</p>
<p>    it blocks the light that bodies require to survive in the higher</p>
<p>    frequencies of Earth?s journey to her destination.</p>
<p> </p>
<p>    Absorbing light is as simple as living from your heart, the seat of</p>
<p>    your soul, and souls are made of light energy. You need not study</p>
<p>    spiritual or metaphysical material, perform rituals or find a guru</p>
<p>    or other mentor. You need not spend years looking for some elusive</p>
<p>    entry into the light?you ARE light! You need only to know this and</p>
<p>    live by it! It isn?t by chance that the Golden Rule was so named, or</p>
<p>    that despite all the dark manipulations of the Bible?s original</p>
<p>    content and intent, /?Do unto others as you would have them do</p>
<p>    unto you? /remained. The guidance of the Golden Rule, in all its</p>
<p>    simplicity, is part of the elaborate plan that already has</p>
<p>    manifested Earth?s Golden Age in the continuum.</p>
<p> </p>
<p>    (Reminder: In Matthew&#8217;s language, &#8220;continuum&#8221; means something</p>
<p>    already so, done, actualized, can&#8217;t go back, be cancelled, be turned</p>
<p>    around, it is so.)</p>
<p> </p>
<p>    Earth has reached energy levels where the higher frequencies are</p>
<p>    accelerating everything, and whatever is in your thoughts is</p>
<p>    manifesting more quickly than previously?/be careful what you</p>
<p>    think!/ Not only is it important to focus only on what you /want/ in</p>
<p>    your life and your world, but also to refrain from thoughts of</p>
<p>    retribution, revenge, or punishing others. Those carry the heavy</p>
<p>    negative energy attachments that account for generation after</p>
<p>    generation of violence, brutality and oppression as one side</p>
<p>    retaliates for what the other side?s ancestors did to the first</p>
<p>    side?s ancestors, thus incurring karma upon karma for all those</p>
<p>    souls to deal with. While we understand the desire to hold</p>
<p>    accountable President Bush and others operating within the</p>
<p>    Illuminati for their actions that amount to crimes against humanity</p>
<p>    itself, we encourage you to let the judicial system do what it will</p>
<p>    and be content with that.</p>
<p> </p>
<p>    When the Golden Age plan was formulated, Bush and those other strong</p>
<p>    souls willingly agreed to fill their roles as long as necessary,</p>
<p>    then join the light forces. Those roles were essential to the part</p>
<p>    of the plan that covered third density karmic completion and</p>
<p>    subsequent reconciliation of darkness and light within balance,</p>
<p>    wherein all is light.</p>
<p> </p>
<p>    Whatever ?punishment? you may feel ?fits the crime? committed by</p>
<p>    Bush and all the other like-minded individuals, we tell you that</p>
<p>    they have imposed upon themselves unimaginably harsher consequences</p>
<p>    than any of your legal systems could ever conceive, and that is why</p>
<p>    time and again we have urged you to send them light.</p>
<p> </p>
<p>    //Let your thoughts be of peace, love, honor, abundance, fairness,</p>
<p>    goodness?all the beautiful, harmonious facets of life you want for</p>
<p>    yourself and your world?and know that we are among the myriad light</p>
<p>    beings who lovingly are by your side in every moment.</p>
<p> </p>
<p>    */January 20, 2009/*</p>
<p> </p>
<p>    On the inauguration of Barack Obama as president of the United</p>
<p>    States, we ask that you fill your hearts with love and gratitude and</p>
<p>    direct those feelings to him and his family and to the individuals</p>
<p>    who will assist and advise him. The outpouring of those kinds of</p>
<p>    energy streamers is like a blanket of golden filaments surrounding</p>
<p>    your world. By sending that energy to the Obama family and the new</p>
<p>    administration, you are radiating light to guide, protect and</p>
<p>    contribute to their success in governing wisely and honorably; and</p>
<p>    the light in their efforts beams out to the world, thus benefiting</p>
<p>    all souls and Mother Earth herself.</p>
<p> </p>
<p>    Although inauguration day is a specific date in linear time, in a</p>
<p>    universal context it is a major part of the master plan devised by</p>
<p>    the spiritual hierarchy in conjunction with physical civilizations</p>
<p>    in the timelessness of the continuum. (There&#8217;s that word again)</p>
<p>    Obama?s willingness to come from a spiritually and intellectually</p>
<p>    highly evolved civilization to take on the primary leadership role</p>
<p>    in your world is part of that plan, which all of you knew and agreed</p>
<p>    to prior to your birth. The soaring hope of peoples around the world</p>
<p>    when he was elected has grown exponentially, and Mother Earth</p>
<p>    herself is feeling uplifted by the surge of harmonic waves from her</p>
<p>    residents and from all light beings throughout the universe.</p>
<p> </p>
<p>    The first day of new presidential leadership is an event of</p>
<p>    paramount importance in a series of on-target powerful developments</p>
<p>    in the plan?s goal of spiritual renewal and reformation in your</p>
<p>    physical world, but in the /*continuum*/, /its success already has</p>
<p>    been achieved!/ [/Note: The November 21, 2008 message in</p>
<p>    ?Matthew?s Messages? on //www.matthewbooks.com/</p>
<p>    &lt;<span>http://www.matthewbooks.com/</span>&gt;/ explains the plan./] Nevertheless,</p>
<p>    all of the forward movement is operating in /your /concept of time,</p>
<p>    and in this respect, your every thought, feeling and action is</p>
<p>    creating not only your personal lives, but collectively are the</p>
<p>    stepping stones to Earth?s ?future? world. All those steps are being</p>
<p>    taken at one pace or another, and holding your light steady in trust</p>
<p>    and patience as events unfold within the new US administration will</p>
<p>    heighten the collective consciousness. The higher the collective</p>
<p>    consciousness of a peoples, the higher the vibrations they radiate</p>
<p>    and attract in kind, all the while assisting Earth?s ascension into</p>
<p>    the increasingly higher frequencies that you perceive as time</p>
<p>    passing faster and faster.</p>
<p> </p>
<p>    Abundance is the God-given right of souls, and joyful living</p>
<p>    circumstances for /every/ person on the planet is part of the master</p>
<p>    plan that includes the election of Obama.</p>
<p> </p>
<p>    _From a purely ?3D? perspective_, his administration is facing one</p>
<p>    of the gravest situations the world has ever encountered. And</p>
<p>    indeed, it is a huge mess that must be cleaned up!</p>
<p> </p>
<p>    _However, what we see from our vantage point_ is that Earth is far</p>
<p>    healthier today than she has been for millennia, and due to the</p>
<p>    massive infusion of off-planet light that guided individuals into</p>
<p>    generating their own light, the turn-around in Earth?s condition has</p>
<p>    happened with speed that is unprecedented in the universe. Again,</p>
<p>    this is all according to the master plan, and every soul on the</p>
<p>    planet is participating one way or another.</p>
<p> </p>
<p>    The population as a whole is seeing the economic situation, as it is</p>
<p>    reported by mainstream media, with unemployment, retail sales and</p>
<p>    real estate statistics along with various analysts? forecasts.</p>
<p> </p>
<p>    Therefore, in the collective consciousness the situation appears</p>
<p>    dire?by some estimates, the spiraling downward will continue for as</p>
<p>    long as two years and the overall impact will be felt with leveling</p>
<p>    out stages over the next ten or twenty years.</p>
<p> </p>
<p>    The analysts are calculating in accordance with economic history and</p>
<p>    they see the resolution as combined government and corporate efforts</p>
<p>    to return to what they consider the soundness of the global system</p>
<p>    that existed prior to the meltdown.</p>
<p> </p>
<p>    You know better!</p>
<p> </p>
<p>    You know the economic system is collapsing to end the Illuminati?s</p>
<p>    long stranglehold on all aspects of commerce, taxation, investments,</p>
<p>    and such, and that _a new foundation based in light is rising out of</p>
<p>    those ashes. _</p>
<p> </p>
<p>    You know that the increasing light in your world is propelling Earth</p>
<p>    to her fifth density destination;</p>
<p> </p>
<p>    you know about the universal law of attraction and the advent of</p>
<p>    on-planet assistance from the same advanced civilizations that have</p>
<p>    been helping from afar for sixty-some years.</p>
<p> </p>
<p>    By living in consonance with this awareness, the light in your</p>
<p>    optimism and trust has raised the vibrations within the collective</p>
<p>    conscious</p>
<p> </p>
<p>    ?your contribution has been phenomenal!</p>
<p> </p>
<p>    We want to clarify some misunderstandings prevailing even among the</p>
<p>    most faithfully dedicated lightworkers about the economic reforms</p>
<p>    underway. Some persons still do not know the magnitude of what is</p>
<p>    commonly known as NESARA. In previous messages I have recommended</p>
<p>    reading the explanatory messages about the true NESARA, but we</p>
<p>    understand your time constraints and I have been requested to</p>
<p>    summarize that material [Special NESARA Edition in ?Matthew?s</p>
<p>    Messages? below September 11, 2006 message on www.matthewbooks.com</p>
<p>    &lt;<span>http://www.matthewbooks.com/</span>&gt;]. Most succinctly stated*, NESARA is</p>
<p>    that master plan for manifesting spiritual renewal and world</p>
<p>    transformation. *</p>
<p> </p>
<p>    Underlying all of the death, destruction and tyranny in the Middle</p>
<p>    East is the extremely heavy karma being played out. Long before your</p>
<p>    recorded history, the inhabitants of those lands battled savagely</p>
<p>    for supremacy, and ancient blood permeated the earth. The resultant</p>
<p>    negativity had to be released in massive degree so Earth could move</p>
<p>    out of deep third density, and souls who lived in those early</p>
<p>    civilizations have returned time and again with the chosen mission</p>
<p>    to reduce the accumulated negativity. The inhabitants of those lands</p>
<p>    today came in for the same purpose, but this time, they are here to</p>
<p>    complete the release and achieve karmic balance as individuals and</p>
<p>    for Earth.</p>
<p> </p>
<p>    We know that overview seems dispassionate in light of the extensive</p>
<p>    pain in Gaza, just as in Iraq and Darfur and all other places on</p>
<p>    Earth where darkness still has a toehold. Even though we know that</p>
<p>    the individual and area-wide karmic balancing taking place is</p>
<p>    essential and we know that the souls who participated in accordance</p>
<p>    with original or amended contracts have achieved leaps in spiritual</p>
<p>    growth, we weep for those who are living in the midst of trauma</p>
<p>    because they are not aware of their loved ones? magnificent</p>
<p>    accomplishments or their very own. The balance to our deep sadness</p>
<p>    for them is our joy in the assurance that one day they will know</p>
<p>    what we do, whether they are in spirit lifetimes or in Earth?s</p>
<p>    Golden Age that they helped to manifest.</p>
<p> </p>
<p>    Now, in the same spirit of exultation and brilliant light of hope</p>
<p>    that is pervasive in your world, we bid you farewell even as we</p>
<p>    lovingly accompany you every moment along your pathway. Matthew.</p>
<p> </p>
<p>    Hope you enjoyed this excerpt. Looking forward to Matthew&#8217;s next</p>
<p>    message around March 20th, my birthday season, Spring, the Equinox,</p>
<p>    more Light, Flowers. Hooray! Love &#8216;n hugz &#8230; Joline</p>
<p> </p>
<p>    LOVE and PEACE</p>
<p> </p>
<p>    Suzanne Ward</p>
<p> </p>
<p>    ________________________________________</p>
<p> </p>
<p>    *Joline Stone*</p>
<p> </p>
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		<title>We are loaning $2 trillion to who?</title>
		<link>http://dragonflyranch.com/blog/2008/12/14/we-are-loaning-2-trillion-to-who/</link>
		<comments>http://dragonflyranch.com/blog/2008/12/14/we-are-loaning-2-trillion-to-who/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 10:49:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Baby Boomer]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Metro Areas]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[New York City]]></category>
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		<category><![CDATA[Society and Culture]]></category>
		<category><![CDATA[United States]]></category>

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<div class="t_story"><span class="news_story_title">Fed Refuses to Disclose Recipients of $2 Trillion (Update2) </span></p>
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<p>By Mark Pittman</p>
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<p>Dec. 12 (Bloomberg) &#8212; 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.</p>
<p>Bloomberg filed suit Nov. 7 under the U.S. <a onmouseover="return escape( popwOpenWebSite( this ))" href="http://www.usdoj.gov/oip/" target="_blank">Freedom of Information</a> Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.</p>
<p>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.</p>
<p>“If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Carlos+Mendez&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Carlos Mendez</a>, a senior managing director at New York-based ICP Capital LLC, which oversees $22 billion in assets.</p>
<p>The Fed stepped into a rescue role that was the original purpose of the Treasury’s $700 billion <a onmouseover="return escape( popwOpenWebSite( this ))" href="http://www.ustreas.gov/press/releases/hp1207.htm" target="_blank">Troubled Asset Relief Program</a>. The central bank loans don’t have the oversight safeguards that Congress imposed upon the TARP.</p>
<p>Total Fed lending exceeded $2 trillion for the first time Nov. 6. It rose by 138 percent, or $1.23 trillion, in the 12 weeks since Sept. 14, when central bank governors relaxed collateral standards to accept securities that weren’t rated AAA.</p>
<p>‘Been Bamboozled’</p>
<p>Congress is demanding more transparency from the Fed and Treasury on bailout, most recently during Dec. 10 hearings by the House Financial Services committee when Representative <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=David%0AScott&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">David Scott</a>, a Georgia Democrat, said Americans had “been bamboozled.”</p>
<p>Bloomberg News, a unit of New York-based Bloomberg LP, on May 21 asked the Fed to provide data on collateral posted from April 4 to May 20. The central bank said on June 19 that it needed until July 3 to search documents and determine whether it would make them public. Bloomberg didn’t receive a formal response that would let it file an appeal within the legal time limit.</p>
<p>On Oct. 25, Bloomberg filed another request, expanding the range of when the collateral was posted. It filed suit Nov. 7.</p>
<p>In response to Bloomberg’s request, the Fed said the U.S. is facing “an unprecedented crisis” in which “loss in confidence in and between financial institutions can occur with lightning speed and devastating effects.”</p>
<p>Data Provider</p>
<p>The Fed supplied copies of three e-mails in response to a request that it disclose the identities of those supplying data on collateral as well as their contracts.</p>
<p>While the senders and recipients of the messages were revealed, the contents were erased except for two phrases identifying a vendor as “IDC.” One of the e-mails’ subject lines refers to “Interactive Data &#8212; Auction Rate Security Advisory May 1, 2008.”</p>
<p>Brian Willinsky, a spokesman for Bedford, Massachusetts- based <a onmouseover="return escape( popwQuoteShort( this, 'IDC:US' ))" href="http://www.bloomberg.com/apps/quote?ticker=IDC%3AUS">Interactive Data Corp.</a>, a seller of fixed-income securities information, declined to comment.</p>
<p>“Notwithstanding calls for enhanced transparency, the Board must protect against the substantial, multiple harms that might result from disclosure,” <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Jennifer+J.+Johnson&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Jennifer J. Johnson</a>, the secretary for the Fed’s Board of Governors, said in a letter e-mailed to Bloomberg News.</p>
<p>‘Dangerous Step’</p>
<p>“In its considered judgment and in view of current circumstances, it would be a dangerous step to release this otherwise confidential information,” she wrote.</p>
<p>New York-based <a onmouseover="return escape( popwQuoteShort( this, 'C:US' ))" href="http://www.bloomberg.com/apps/quote?ticker=C%3AUS">Citigroup Inc</a>., which is shrinking its global workforce of 352,000 through asset sales and job cuts, is among the nine biggest banks receiving $125 billion in capital from the TARP since it was signed into law Oct. 3. More than 170 regional lenders are seeking an additional $74 billion.</p>
<p>Fed Chairman <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Ben+S.+Bernanke&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Ben S. Bernanke</a> and Treasury Secretary <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Henry%0APaulson&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Henry Paulson</a> said in September they would meet congressional demands for transparency in a $700 billion bailout of the banking system.</p>
<p>The Freedom of Information Act obliges federal agencies to make government documents available to the press and public. The Bloomberg lawsuit, filed in New York, doesn’t seek money damages.</p>
<p>‘Right to Know’</p>
<p>“There has to be something they can tell the public because we have a right to know what they are doing,” said <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Lucy%0ADalglish&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Lucy Dalglish</a>, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press.</p>
<p>“It would really be a shame if we have to find this out 10 years from now after some really nasty class-action suit and our financial system has completely collapsed,” she said.</p>
<p>The Fed’s five-page response to Bloomberg may be “unprecedented” because the board usually doesn’t go into such detail about its position, said <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Lee+Levine&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Lee Levine</a>, a partner at Levine Sullivan Koch &amp; Schulz LLP in Washington.</p>
<p>“This is uncharted territory,” said Levine during an interview from his New York office. “The Freedom of Information Act wasn’t built to anticipate this situation and that’s evident from the way the Fed tried to shoehorn their argument into the trade-secrets exemption.”</p>
<p>The Fed lent cash and government bonds to banks that handed over collateral including stocks and subprime and structured securities such as collateralized debt obligations, according to the Fed Web site.</p>
<p>Borrowers include the now-bankrupt <a onmouseover="return escape( popwQuoteShort( this, 'LEHMQ:US' ))" href="http://www.bloomberg.com/apps/quote?ticker=LEHMQ%3AUS">Lehman Brothers Holdings Inc.</a>, Citigroup and New York-based <a onmouseover="return escape( popwQuoteShort( this, 'JPM:US' ))" href="http://www.bloomberg.com/apps/quote?ticker=JPM%3AUS">JPMorgan Chase &amp; Co.</a>, the country’s biggest bank by assets.</p>
<p>Banks oppose any release of information because that might signal weakness and spur short-selling or a run by depositors, <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Scott+Talbott&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Scott Talbott</a>, senior vice president of government affairs for the <a onmouseover="return escape( popwOpenWebSite( this ))" href="http://www.fsround.org/" target="_blank">Financial Services Roundtable</a>, a Washington trade group, said in an interview last month.</p>
<p>‘Complete Truth’</p>
<p>“Americans don’t want to get blindsided anymore,” Mendez said in an interview. “They don’t want it sugarcoated or whitewashed. They want the complete truth. The truth is we can’t take all the pain right now.”</p>
<p>The Bloomberg lawsuit said the collateral lists “are central to understanding and assessing the government’s response to the most cataclysmic financial crisis in America since the Great Depression.”</p>
<p>In response, the Fed argued that the trade-secret exemption could be expanded to include potential harm to any of the central bank’s customers, said <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Bruce+Johnson&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Bruce Johnson</a>, a lawyer at Davis Wright Tremaine LLP in Seattle. That expansion is not contained in the freedom-of-information law, Johnson said.</p>
<p>“I understand where they are coming from bureaucratically, but that means it’s all the more necessary for taxpayers to know what exactly is going on because of all the money that is being hurled at the banking system,” Johnson said.</p>
<p>The Bloomberg lawsuit is Bloomberg LP v. Board of Governors of the Federal Reserve System, 08-CV-9595, U.S. District Court, Southern District of New York (Manhattan).</p>
<p>To contact the reporters on this story: <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Mark+Pittman&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Mark Pittman</a> in New York at  <a onmouseover="return escape( popwSendEmail( this ))" href="mailto:mpittman@bloomberg.net">mpittman@bloomberg.net</a>;</p>
<p><em>Last Updated: December 12, 2008  17:12 EST</em></div>
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