Will IDC Determine taxpayer losses under the TARP?

According to a Bloomberg article regarding the Fed’s use of TARP funds, the Fed is using IDC pricing to determine the value of assets it will accept as collateral in exchange for U.S. treasury bonds. Bloomberg is suing the Fed under the Freedom of Information Act however; the Fed is refusing to comply under the theory that diclosing details of the TARP would violate trade secrets with respect the involved banks. The fact that a single firm is determining prices that do not need to be disclosed to the public should set off massive alarm bells throughout the country but fear has so permeated the country that we seem willing to borrow any amount of money from future generations in order to protect our own retirement savings. After all, no one should have to sacrifice the co-pay on their Viagra prescription for their children’s future. If people really believe that government is capable of policing itself, we should shut down all the regulatory agencies and cut the taxes that support their budgets. If not, why don’t they get off their asses and show us a transparent government that uses our taxes to add value to the country rather than destroying it.