For starters, it didn't go missing and for the most part wasn't spent or even actually exist. Loan guarantees and overnight loans are a whole different ball game. If provide a $1B overnight loan for you 10 times, I haven't spent $10B dollars. Same if I had guaranteed $100B. Save for a default, I haven't spent anything (actually I made money). The reason why the Fed didn't announce which banks were in trouble is stunningly obvious, which is why outside of internet conspiracy circles this video isn't big news.
Someone knows where the money went it just wasn't the woman in that video. She oversees the lending to the regional reserve banks who loan out money. There is no possible way she could know who that money goes to.
OpenGovernment is a great idea and I wish the team building it all of the best. OpenGovernment will be the only competitor so far to a startup I've been working on the past 3 years: <a href="http://www.openpoll.us" rel="nofollow">http://www.openpoll.us</a>. It's exciting to see other people prove your idea is a good one. That being said, I think a release of OpenGovernment with only 5 states is a little premature.(I'm waiting to have all states complete before releasing my MVP.) I am very interested in seeing what they come up with.
CDN Cache: <a href="http://thechangelog.com/post/2596290871/opengovernment-empower-individuals-and-organizations?coral-no-serve" rel="nofollow">http://thechangelog.com/post/2596290871/opengovernment-empow...</a><p>I was thinking of hacking something like this for the UK legislature. Guess this goes on The List.
Well, what did you expect would happen? It's the same buddies sitting at the Fed, the SEC, Goldman Sachs. There's no real oversight. Why wouldn't they abuse it? There's a ton of money to be stolen, and nobody is watching.
Create a currency that cant be stolen/diluted without breaking 1024 bit encryption and a password. Entities like the federal reserve can just print money out of thin air, diluting my past hard work.<p>It shouldn't be too hard to create a system of person to person wealth transfer utilizing thumb drives and laptops that exchange receipts of units of human labor that can't be diluted by simply making more human labor receipts.<p>Of course, whoever champions this kind of thing will disappear in the night along with their family. Imagine working a days labor, and being able to redeem that 100 years later in full. Something like this would have to begin operation after a complete revolution, and would have to earn a place next to the right to free speech. The basic right of encryption in data and currency.
As much as I would love for OpenGovernment to succeed. You guys have got NO chance, your just standard average Joes. You could be the President's son and it still wouldn't make a difference. There are so many layers of corruption, collusion, old boys networks and John McCain's that you will never change how the government works.<p>Not to mention that the Federal reserve is a completely different beast. You would literally have to physically destroy the government before you have any chance of change.