A small victory for tax payers in the case of Bloomberg LP v. Board of Governors of the Federal Reserve System, 08-CV-9595, U.S. District Court, Southern District of New York (Manhattan).
Bloomberg resports that Manhattan Chief U.S. District Judge Loretta Preska said the central bank “improperly withheld agency records” by “conducting an inadequate search” after Bloomberg News reporters filed a request under the information act. The Fed was given five days to turn over documents, including 231 pages of reports, and must look for more at the Federal Reserve Bank of New York, which runs most of the loan programs.
The Fed had said that disclosing the recipients of the #2T may hurt them. It may still appeal the decision. As many of the readers here know, but most people in the world don't, the Federal Reserve is a separate entity from the Government and amazingly does not have to answer to Congress, nor to the President.
Tuesday, August 25, 2009
The Fed Loses Case and Must Disclose Who It Loaned $2T To.
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(843)
-
▼
August
(34)
- Natural Gas Production Still Increasing
- US Open, a Money-Making Machine: $450M for New York
- S&P500: The Top 20 Stocks to Sell
- Timothy Geithner Digged
- The Latest Top Bank Failures in The U.S.
- Natural Gas Report: Storage Overflow Likely in Oct...
- Iron Ore: Tata Steel Says Global Slowdown Continues
- The GDP Q2 1% Drop: Fact, Fiction, or Spin?
- Quantitative Easing Coming Near You: the Devaluati...
- Berinyi vs Roubini: Damned if They Do, Damned if T...
- Gas.to Straddles for October and November
- Advisory Warning: Natural Gas to Fall Below $1
- Bernanke Says He Saved the World, But Millions Go ...
- S&P500 vs SPY: Beware, Two Different Measures
- The Fed Loses Case and Must Disclose Who It Loaned...
- S&P500 Report: 132 Overbought, Only 1 Oversold
- Quest Uranium, Ring of Fire
- The Illusion of Market Gains in the U.S.
- Natural Gas: UNG vs Gas.to
- Natural Gas Weekly Report Aug. 20: Situation Remai...
- SEC Warns Against Leveraged ETFs: Where Have They ...
- Index ETF, Oil, and Natural Gas Options and Stradd...
- Why Canadian Banks Did Better in the 2008 Financia...
- StraddlesCalc Tool is Online, UCO and UNG Straddle...
- Naural Gas: Gas.to October and December Options ar...
- Natural Gas on the Radar Screen
- Natural Gas and Hurricanes
- S&P500 Report: 59 Overbought, 15 Oversold
- Top 20 Stocks to Short in the S&P500 by RS7 and RSI14
- Natural Gas Report: 10 Weeks to Overflow
- EWZ Vastly Outperforming SPX: +72% vs +10%
- Currencies: The Crash of the USD, USD Down 35% YTD...
- S&P500 P/E is Now 47.50
- S&P500 RSI Report: 192 Overbought Companies, Only ...
-
▼
August
(34)
No comments:
Post a Comment