Posts tagged 'Federal Reserve'

Supreme Court again rules in favor of openness

Posted: March 21, 2011 | Tags: Bloomberg News, Elena Kaga, Federal Reserve, FOIA, Freedom of Information, John Roberts, Supreme Court

For the third time in a month the Supreme Court has ruled in favor of letting the public have access to important government documents.

In the latest case Monday, the justices refused to hear a banking group’s appeal to keep secret the identities of banks that got trillions of dollars in loans from the Federal Reserve Bank during the financial crisis.

Bloomberg News and Fox News, in separate cases, had sued the Fed for details about the loans in 2008. A court ruled in 2009 that the documents should be released.

The Fed and the Clearing House Association appealed ...

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