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Federal Reserve to Disclose Loan Details

Discussion in 'Market Predictions and Reports' started by godoftrading, Aug 25, 2009.

  1. godoftrading

    godoftrading Private, 1st Class

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    Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.

    Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions.

    Court Orders Federal Reserve to Disclose Emergency Loan Details - Bloomberg.com
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