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

Fed

First Posted: 04/15/10 06:12 AM ET Updated: 05/25/11 04:30 PM ET

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.

Read the whole story: nytimes.com

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Filed by Nico Pitney  |