Court Clears Way for Disclosures About U.S. Bailout

23 March 2011

The U.S. Supreme Court March 21 decided not to overturn two related federal appeals court rulings requiring the Federal Reserve to disclose details about financial aid to banks and other institutions during the 2008 financial crisis.

Bloomberg and Fox News Network sought information under the Freedom of Information Act about which institutions sought and received aid, and details about the assistance programs.  A U.S. Court of Appeals ruled for Fox News and Bloomberg in 2010.

The Fed said it will comply with the courts’ decisions.

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