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AIG: More NY Fed Concealment?

By Implode-Explode Heavy Industries

``See, markets only work when, well, there's a market. For there to be a market you need buyers, sellers, and disclosure of prices and volume... What The Fed apparently argued for is the destruction of the market. The intentional concealment of bid, offer, last and volume. Further, The Fed apparently argued that should this information come to light market participants would be unhappy with what they discovered.''

Full post as published by Mortgage Lender Implode-o-Meter on January 17, 2010 (boomark / email).