Court Rules Fed Must Reveal Details Of Secret $2 Trillion Bank Loan Program

Federal Reserve, Bloomberg Lawsuit: Court Rules Fed Must Reveal Details Of Secret Bank Bailout

March 19 (Bloomberg) -- The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest ever U.S. government bailout, a federal appeals court said.

The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc.

Popular in the Community

Close

What's Hot