BUSINESS
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.

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