>>http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aG0_2ZIA96TI
>
>I think the idea is that as they do more and more things this blatant more and more people will see through them.
>
>Voila - transparency !

I keep reminding myself that, as someone said, "the Fed is as much federal as FedEx". Of course they aren't covered by FOIA - they ARE NOT government. They are a bunch of private (partly foreign, AFAIK) banks. I still chuckle when I see some of their doing attributed to government.

Now how did they manage to become a sort of a federal institution, and how are they getting all this license to invent money, is a matter of history. How to undo that is a far larger problem.