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: Mortgage Lender Implode-o-MeterFederal Reserve Seeks to Protect U.S. Bailout Secrets
By Implode-Explode Heavy Industries
The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history...
The ruling by the three-judge appeals panel may not come for months and is unlikely to be the final word. The loser may seek a rehearing or appeal to the full appeals court and eventually petition the U.S. Supreme Court, said Anne Weismann, chief lawyer for Citizens for Responsibility and Ethics, a Washington advocacy group that supports Bloomberg?s lawsuit.
Full post as published by Mortgage Lender Implode-o-Meter on January 13, 2010 (boomark / email).
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