The video mentions that last week one of the media outlets suing the Fed under the Freedom of Information Act them lost its suit. I thought that was strange, since I didn't hear anything about it, and like most of us around here, I keep an eye on the news. By all rights, this should have been big news. But instead of reading about it on the front page of the New York Times (America's paper of record), or splashed across the home page of the Drudge Report, I hear about it via Russia Today.
Sign of the times, friends.
I knew that both Bloomberg & Fox were suing, but the video doesn't mention either firm by name, so I went Googling the news for FOIA Fed. As it turns out, the media outlet they were talking about was Fox News. So I Googled "Fox FOIA," expecting to find an avalanche of coverage. Silly me. I forgot what year it is. What I got was one (1) MSM story on it, from Reuters, and a smattering of blog posts. I even tried a new Bing news search, which was completely useless.
NEW YORK, July 30 (Reuters,) - A U.S. judge on Thursday denied a bid by Fox News Network LLC seeking details from the Board of Governors of the Federal Reserve about the central bank's loans to companies affected by the financial crisis.
The owner of the Fox Business cable network made an initial request for documents in November last year under the Freedom of Information Act (FOIA) about the companies and funds they received between August 2007 and November 2008.
As far as I can tell, even Fox News failed to report on the story.
I was going to end this blog post with the incredulous, "What's going on here?" But on further thought, that would simply be redundant. I think it is pretty clear what is going on. Silly me. I keep forgetting.
Update: Here's a better story from The Reporters Committee for a Free Press (rcfp.org)
