Court Won't Stop Fed From Revealing Loan Data
WASHINGTON - The Supreme Court won't stop the release of Federal Reserve Board documents identifying financial companies that received Fed loans to survive the financial crisis.
The 2nd U.S. Circuit Court of Appeals in New York City had said that such information isn't automatically exempt from requests under the Freedom of Information Act.
News Corp.'s Fox News Network LLC and Bloomberg L.P. sued separately for details about loans that commercial banks and Wall Street firms received and the collateral they put up. But the Federal Reserve Board argued that if it identified banks that drew emergency loans, it could cause a run on those institutions, undermine the loan programs and potentially hurt the economy.
Latest Stories
- Reminder: Taxes are due December 15, 2025. Pay now to avoid late fees. Struggling financially? Our Payment Plan Calculator is a tool you can use
- TWO GOVERNMENTS TO FORMALIZE HISTORIC PARTNERSHIP IN ADDRESSING MENTAL HEALTH CRISIS DURING THE HOLIDAY SEASON
- Trump's Policies Negatively Target Women
- Assessor Kaegi, South and West Side Community Leaders Urge Legislature to Pass Property Tax Relief, Condemn Board of Review's Large Breaks for Downtown Commercial Properties
- State Farm and The Salvation Army Launch National Donation Drive to Support Families This Holiday Season
Latest Podcast
Stacy Davis Gates
