Fed Refuses To Disclose Recipients Of $2 Trillion Bailout


	Fed Refuses To Disclose Recipients Of $2 Trillion Bailout

Forbes Markets

12-12-2008 11:49 AM

1327 views

tags:

bloomberg, federal reserve, bailout

Forbes Markets says:

This is one TARP you can't see through.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e79a8cb0-9623-4064-ab05-fa54d794c2fb/9DCBEAF7-B1DC-4353-A4FF-76970E289A3C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601109&sid=aXNaCKxb.oIs&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601109&sid=aXNaCKxb.oIs&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601109&sid=aXNaCKxb.oIs&refer=home"><P>The Federal Reserve refused a request
by Bloomberg News to disclose the recipients of more than $2
trillion of emergency loans from U.S. taxpayers and the assets
the central bank is accepting as collateral.     </p> <P>Bloomberg filed suit Nov. 7 under the U.S. <A target="_blank" href="http://www.usdoj.gov/oip/">Freedom of
Information</A> Act requesting details about the terms of 11 Fed
lending programs, most created during the deepest financial
crisis since the Great Depression.     </p> <P>The Fed responded Dec. 8, saying it’s allowed to withhold
internal memos as well as information about trade secrets and
commercial information. The institution confirmed that a records
search found 231 pages of documents pertaining to some of the
requests.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9DCBEAF7-B1DC-4353-A4FF-76970E289A3C/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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