August 23, 2010

BAILOUT TRANSPARENCY NEWS: Fed Loses Bid for Review of Bailout Disclosure Ruling. “A U.S. appeals court refused to reconsider a ruling that requires the Federal Reserve Board to disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout. The U.S. Court of Appeals in New York, in a docket entry dated Aug. 20, denied a May 4 request by the Fed to review its unanimous March 19 decision requiring the agency to release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc.”

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