01/12/2009 05:12 am ET | Updated May 25, 2011

Fed Refuses To Disclose Recipients Of $2 Trillion In Emergency Loans

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.

Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

Read more on Bloomberg