Bloomberg News Files 'Extraordinary Lawsuit' To Crack Fed Secrecy Around Bank Bailout

04/15/2010 05:12 am ET | Updated May 25, 2011
  • ALAN FEUER nytimes.com

THE critical lawsuit challenging that mystery of finance known as the Bailout started, oddly enough, with a casual newsroom chat.

Mark Pittman, an investigative reporter for Bloomberg News, had filed a Freedom of Information Act request with the Federal Reserve Board, seeking the details of its unprecedented efforts to funnel money to the collapsing banks of Wall Street.

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