Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Second Circuit Court of Appeals Rules Fed Must Reveal Info on Loans to Private Banks

Bloomberg: “The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said. 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 launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released.”

  • Bloomberg L.P. v. Board of Governors of the Federal Reserve System, 09-4083-cv; 09-4097-cv, decided March 19, 2010
  • Sorry, comments are closed for this post.