Bloomberg Suing the Fed Over Disclosure

**Mogura** · 10-05-2009, 05:48 PM

The Federal Reserve last year began extending credit directly to companies that aren’t banks for the first time since it was created in 1913 in response to the most cataclysmic financial crisis in America since the Great Depression. Total lending by the Fed was $2.12 trillion on Sept. 30. At present, the Fed won't release the names of these companies to the public despite being bailed out with public funds. Bloomberg is suing the Fed to make those names public. This should be interesting.
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**Ither** · 10-06-2009, 03:25 AM

About time too.

10-05-2009, 05:48 PM	#1
Mogura Core Member [175%] MBTI: INFJ Join Date: Apr 2008 Posts: 7,031	The Federal Reserve last year began extending credit directly to companies that aren’t banks for the first time since it was created in 1913 in response to the most cataclysmic financial crisis in America since the Great Depression. Total lending by the Fed was $2.12 trillion on Sept. 30. At present, the Fed won't release the names of these companies to the public despite being bailed out with public funds. Bloomberg is suing the Fed to make those names public. This should be interesting. To view links or images in this forum your post count must be 2 or greater. You currently have 0 posts. To view links or images in this forum your post count must be 2 or greater. You currently have 0 posts. Last edited by Mogura; 10-05-2009 at 06:44 PM.
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10-06-2009, 03:25 AM	#2
Ither Member [19%] MBTI: INTx Join Date: May 2009 Posts: 774	About time too.
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