transparency
SHOCKER: Federal Reserve Says Disclosing Loans Will Hurt Banks
Aug. 27 (Bloomberg) -- The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot.
The Fed’s board of governors asked Manhattan Chief U.S. District Judge Loretta Preska to delay enforcement of her Aug. 24 decision that the identities of borrowers in 11 lending programs must be made public by Aug. 31. The central bank wants Preska to stay her order until the U.S. Court of Appeals in New York can hear the case.
Daily HR 1207 / S 604 Call-A-Thon to Audit the Fed
S 604 is HR 1207's companion bill, and currently has TWO co-sponsors. We must get this bill some support, and make sure it doesn't get watered down along the way.








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