Businessweek's James Cooper and His Ridiculous Empty Articles

James C. Cooper, yet another senior economist similar to the likes of Geithner and Steve Liesmann that is one without a PhD at such a high level (actually Liesman and Geithner have no economic background whatsoever), has always written positively biased articles that either contradict itself in terms of economic knowledge -much like Hank Paulson- or just plain terrible and so obviously writing what he is told to write by ... someone, god knows who. He however outdid himself with his latest piece. Fed's independence has nothing to do with disclosing more information. How could transparency be a bad thing that would tie the Fed's hands. If the worry is the timing of the disclosure, that is an easy problem to solve. They can just disclose it a couple weeks or months later. The idea here is to check that the privately owned Fed with fat bankers on its board do not do illegal things and do not have secretive conversations (such as only Blankfein joining the AIG talks) or do other illegal manipulative activities such as bailing out Bear Stearns or any other bank, or manipulating the gold markets or stock markets. I ask you James Cooper. What is wrong with transparency. It is for free markets and anything hidden is a bad thing. Why are you all trying so hard to keep things hidden??? What are you hiding, guys????

Here is a great video from MSNBC (link from Dailybail). It si only part of the story, but good points regardless.