Tuesday, October 6, 2009

Fed stay in bailout disclosure case.....

WASHINGTON, Oct 6 (Reuters) - A U.S. appeals court on Tuesday granted the Federal Reserve's request for a stay of a ruling that would have forced the U.S. central bank to release the names of banks that participated in its emergency lending programs. The U.S. Court of Appeals for the Second Circuit granted the stay of a lower court ruling in August that ordered the release of the data sought by Bloomberg News under a Freedom of Information Act request, according to Justice Department spokesman Charles Miller...Link

No comments: