Court Orders Federal Reserve to Disclose $2 Trillion Loan Program Details

Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit. Manhattan Chief US District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records arent covered by the law because their disclosure would harm borrowers competitive positions. www.bloomberg.com

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YouTube | August 25, 2009

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