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The FOI Advocate is a compendium of ideas, edited story excerpts and other materials from a variety of Web sites, as well as original concepts and analysis. When the information comes directly from another source, it will be attributed and a link will be provided whenever possible. The blog relies on the accuracy and integrity of the original sources cited. We will correct errors and inaccuracies when we become aware of them.

Saturday, October 10, 2009

Bloomberg Demands Bank Names; Court Stays Release

The Bloomberg News Unit of Bloomberg LP is seeking the names of companies that received loans from the Federal Reserve.  Bloomberg attorneys say the central bank should be forced to disclose the corporate identities because the Federal Reserve can't demonstrate that borrowers would be harmed by such a disclosure.

The U.S. Court of Appeals for the Second Circuit disagreed, and stayed the release of information during the appeal. 

Click here for more information. 

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