Federal Reserve Ordered to Release Bail Out Documents

Filed under: Management, Insiders, Law, Politics, Headline News, Federal Reserve, Financial Crisis

In a long standing court battle between the media and the Fed, a decision to release bail out documents was handed down by the US Court of Appeals.

Last year, two reporters from Bloomberg News filed for disclosure of the documents under the Freedom of Information Act. Later a similar suit was filed by Fox News. The Fed countered that such information would cause "competitive and reputational harm" perhaps triggering bank runs and implode the central bank's ability to effectively manage the current and any future financial crisis.

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Federal Reserve Ordered to Release Bail Out Documents originally appeared on BloggingStocks on Fri, 19 Mar 2010 18:20:00 EST. Please see our terms for use of feeds.

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