Thread: Federal Reserve Seeks to Protect U.S. Bailout Secrets

Federal Reserve Seeks to Protect U.S. Bailout Secrets


by David Glovin and Thom Weidlich
Bloomberg
January 11, 2010


The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history.

The U.S. Court of Appeals in Manhattan will decide whether the Fed must release records of the unprecedented $2 trillion U.S. loan program launched after the 2008 collapse of Lehman Brothers Holdings Inc. In August, a federal judge ordered that the information be released, responding to a request by Bloomberg LP, the parent of Bloomberg News.

“This case is about the identity of the borrower,â€

"Concealing a Crime" seems like a far more accurate term than "Protecting secrets"...lol

AUDIT THE FED NOW!!!!