Tuesday, August 25, 2009

Court Orders Fed to Disclose Emergency Loan Details

Court Rules Federal Reserve Must Disclose Emergency Loan Details:
"The Federal Reserve has been ordered to reveal the names of companies that received emergency loans during the financial crisis, after losing a Freedom of Information Act lawsuit brought by Bloomberg News. (Check out Bloomberg's full story here.)"
Will we get a list of companies whose cumulative problems run up to $2tn? If this list includes banks with solvency problems, this might have legal significance, as some banking situations are covered in specially enacted laws.

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