First the definition: con·fi·dence  (k?n’f?-d?ns)   
n.

  1. Trust or faith in a person or thing.
  2. A trusting relationship: I took them into my confidence.
    1. That which is confided; a secret: A friend does not betray confidences.
    2. A feeling of assurance that a confidant will keep a secret: I am telling you this in strict confidence.
  3. A feeling of assurance, especially of self-assurance.
  4. The state or quality of being certain: I have every confidence in your ability to succeed.

adj.  Of, relating to, or involving a swindle or fraud: a confidence scheme; a confidence trickster.

Now the use of the word in the “Clearinghouse” Declaration to stay the ruling of Fed disclosure, item 6:

Banks are different from other businesses. Survival can depend on the ephemeral nature of public confidence. The maintenance of public confidence has been the goal of bank regulation for more than a century.

This quote above comes from your Clearinghouse, LLC bailout Queens Bank of America, CitiBank, Deutsche Bank Trust Company, The Bank of New York Mellon,  HSBC, JP Morgan, UBS AG and Wells Fargo.
Let the definitions, and the use of the word in the declaration to suppress the Fed audit sink in for a moment.
Any questions?

You Should Also Check Out This Post:

More Active Posts: