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Bailout
: Calculated RiskU.S. Court of Appeals Rules Fed Must Disclose Bailout Records
By Anonymous
From Bloomberg: Federal Reserve Must Disclose Bank Bailout Records (ht jb)
The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program ... The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released.It will be interesting to see these documents, but it might not be for a few more years.
...
The opinion may not be the final word in the bid for the documents, which was launched by Bloomberg LP, the parent of Bloomberg News, with a November 2008 lawsuit. The Fed may seek a rehearing or appeal to the full appeals court and eventually petition the U.S. Supreme Court.
Full post as published by Calculated Risk on March 19, 2010 (boomark / email).
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