By Tyler Durden

After seeing its demands for secrecy rejected soundly twice, once in district court and once in appellate, the Fed is now appealing the “Pittman” decision yet again. As Bloomberg reports, “attorneys for the Fed today asked the full U.S. Court of Appeals in New York to reconsider a unanimous ruling by a three- judge panel.” On the other side of the Fed is, as usual, the Clearing House Association: the organization of bankers that stands to lose the most should its secretive bailouts by the Fed no longer be subject to unconstitutional secrecy. There is no reason to expect that the second appeal will work. However, it is the escalation from there that will be most critical. ” If the court refuses the request, the Fed may appeal to the U.S. Supreme Court.” That Supreme Court Decision, which will likely come around the time of Obama’s mid-term elections, may prove to be more critical for Obama’ reelection chances than unemployment, healthcare and regulatory “reform” combined. If the Supreme Court does ultimately side with the Fed, it will become clear once and for all who truly runs this country (and the world), and the the US constitution is at best something the oligarchy uses when it runs out of one ply Treasury Paper.

More from Bloomberg, in which we get a tacit lesson of Racketeering 102:

Continue reading Fed And Clearing House Association File Second Appeal To “Pittman” Disclosure Ruling