Bloomberg News Suing Federal Reserve

Posted by Patrick O'Connor on 11/10/08 1:59 pm

This is a good one.  The Federal Reserve is refusing to disclose not only which companies will receive almost $2 trillion in emergency aid from U.S. taxpayers, but also the types of collateral it will accept on behalf of taxpayers. That’s right.  Taxpayers have to pay-up, but they don’t get any transparency.

Bloomberg News is suing the Fed to release the information under the Freedom of Information Act.  Read More.

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