Freedom of Information Act Opens the Fed

Today, Bloomberg News ran a story on a recent Manhattan Court of Appeals decision that forces the Federal Reserve to discolose information on the financial firms they bailed out in light of the financial crisis. The article states:

The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of the Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released

As we’ve often heard, the journy of a thousand miles begins with a single step.

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