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Author Topic: Federal Reserve to Disclose Loan Details  (Read 899 times)

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godoftrading

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Federal Reserve to Disclose Loan Details
« on: August 25, 2009, 08:25:27 AM »
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.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7CC61ZsieV4
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