Banks not forthcoming after federal court orders release of records for bailout

After the federal appeals court ordered disclosure of records of the emergency federal bailout in 2008, and the U.S. Supreme Court let the order stand earlier this week, the banks have not yet complied. Bloomberg News said they were “vague, if not cagey,” about complying with the order. Bloomberg News counsel Charles Glasser said, “Considering [...]

Federal appeals court orders disclosure of banks likely to have failed without bailout

The full U.S. Court of Appeals in New York refused to review a decision by the court’s three-judge panel requiring the Federal Reserve Board to identify banks that may have failed without the federal bailout. -db Bloomberg News August 23, 2010 Aug. 23 (Bloomberg) — An appeals court refused to reconsider a decision compelling the [...]

Federal Reserve ordered to release bank bailout records

A federal appeals court in New York City ruled that the Federal Reserve Board must disclose document identifying financial firms that might have collapsed without the government bailout. -db Bloomberg News March 19, 2010 By David Glovin and Bob Van Voris (Bloomberg) — The Federal Reserve Board must disclose documents identifying financial firms that might [...]

Information act suit forces Federal Reserve to disclose recipients of its emergency loans

Bloomberg.com September 25, 2009 By Mark Pittman A federal district judge agreed with Bloomberg LP that the Federal Reserve Board must identify financial firms that received bailouts. The Feds had refused to disclose the records on the argument that if they did the public might lose confidence in the firms. The judge ruled that the public’s right [...]

Fox loses FOIA suit when judge rules regional banks not government agencies

A federal judge rules that Fox had no right to bail-out documents from the Federal Reserve Board since the documents were exempted under a provision protecting trade secrets and confidential information of non-government agencies. -DB Reporters Committee for Freedom of the Press July 31, 2009 By Hannah Bergman A federal judge ruled against Fox News Thursday [...]