I know, it's from that "Fringe" website/blog with no credibility they call Reuters, but it's a good read anyway on Fed "transparency" and cronyism. Cozying Up To Big Investors at Club Fed Some choice quotes... “THE REVOLVING DOOR BETWEEN THE FED AND THE PRIVATE FINANCIAL SECTOR IS QUITE SIGNIFICANT.” “This is one of many quid pro quos in a system of opaque subsidies,” Canova said. “It seems to me naive to think private investors would routinely share proprietary information without any legal obligation or subpoena unless they were getting some tangible benefits in return.” "Too often, the Federal Reserve believes that rules do not apply to them,” said Sherman at Salient Partners. “If we allow some to have access, then how are we different than those that follow ‘crony capitalism’ in the Third World?"
Federal Reserve policy on "anti-leaks": http://www.federalreserve.gov/monetarypolicy/files/FOMC_ExtCommunicationStaff.pdf And then there this, of course: http://www.wsj.com/articles/yellen-meetings-with-medley-global-come-under-scrutiny-1430869667