UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

August 25, 2009

JUDGE GIVES FED FIVE DAYS TO REVEAL EMERGENCY LENDING INFO

Bloomberg - The Federal Reserve must make records about emergency lending to financial institutions public within five days because it failed to convince a judge the documents should be exempt from the Freedom of Information Act. Manhattan Chief U.S. District Judge Loretta Preska rejected the central bank's argument that the records aren't covered by the law because their disclosure would harm borrowers' competitive positions. The collateral lists "are central to understanding and assessing the government's response to the most cataclysmic financial crisis in America since the Great Depression," according to the lawsuit that led to the ruling.

4 Comments:

Anonymous çiçekçi said...

For sharing thank you very much good very beautiful work

August 25, 2009 10:49 AM  
Anonymous cicekci said...

thank you very much good very beautiful work

August 25, 2009 10:50 AM  
Anonymous Ron Derven said...

It is about time this info was made public!

Ron D

August 25, 2009 8:15 PM  
Blogger Wallis said...

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September 3, 2009 3:49 AM  

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