Bunning Q&A summary: more Mutual Assured Destruction, more of the same Racketeering that we have all grown to love and respect from the Federal Reserve, more obfuscations, more Colonel Jessup bullshit (aka "You can't handle the truth"). With Bernanke's reconfirmation vote coming on Thursday, all Senators should read the latest garbled and encrypted pamphlet from the Fed as to why nobody in America is smart or relevant enough to have an understanding of the key items that determine US monetary policy (except for Goldman Sachs and its alumni, of course). Also, we are happy to announce that the questions proposed by our friend, the Cunning Realist, were incorporated in Bunning's questionnaire. As Cunning submits:

I just found out that Senator Bunning submitted to Bernanke that list of 15 questions I had for his hearing. Perhaps most interesting is Bernanke's reply to my question about covert intervention in the equity market...he replied only in terms of the government and the Fed, and ignored the part about a "proxy." Scroll all the way to the bottom of my post here:

In other news, all major news organizations have filed an Amicus Brief on behalf of Bloomberg, and the initiative launched by the late and great Mark Pittman, urging Federal Court to uphold the decision that the Fed should disclose confidential information about loans made to financial institutions. From Dow Jones:

The brief, which was filed in the U.S. 2nd Circuit Court of Appeals by several media companies including Dow Jones & Co., New York Times Co. (NYT), the Associated Press and Reuters America LLC, asked the court to uphold a lower court's decision that would force the central bank to give Bloomberg records about some of its "last resort" lending programs, including the discount window. Bloomberg originally requested the records under the Freedom of Information Act, or FOIA.

A spokesman for the Fed said, "We will respond to the arguments in the amicus brief in our brief to the court."

The news organizations' brief argues that "the substantial public interest" in disclosing the information outweighs any risk of harm, and that the Fed's appeal of the decision doesn't meet the requirements of a FOIA exemption that protects confidential information.

"In this case, the enormous public interest in knowing how the Board implemented massive, unprecedented lending programs compels disclosure of the reports at issue," the brief says.

Two more days until the fate of America is decided by one hundred largely corrupt politicians.