Once again, we must rely on the "Fourth Estate"

I just saw a report that the Bloomberg news group won a court legal battle for us, the American people, against the government, this time against the government keeping secrets.

It seems they were able to successfully use the Freedom of Information Act:

"The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said."

More: "The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released."

I see local blogs online bemoan newspapers and always complaining about how they are the "dead tree media" and I find it tiresome. And ignorant.

Sure, kill the newspapers in that paper form but they need to exist, for sure. Without media--a good, strong, searching, investigating and persevering media to question our government and its institutions, bureaucrats and legislators, we are far weaker as citizens, taxpayers and voters.

We would be operating far more in the utter darkness without them.

Additionally, they can't be owned by other, big corporations that have so much to gain from having only their own viewpoint put out.

So score one for the media and the people.

We need lots more of this.









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