The largest commercial banks in the U.S. are ready to go all the way to the Supreme Court to block the public release of details pertaining to the Federal Reserve’s 2008 secretive $2 trillion bailout.
Bloomberg News reports that The Clearing House Association LLC, a group that includes Bank of America Corp. and JPMorgan Chase & Co., have teamed with the Fed to rally against a lawsuit, brought by Bloomberg itself, to disclose records of the Fed’s emergency lending.
The fight for disclosure has been ongoing following the Fed’s failure to comply with congressional demands for transparency.'
Read more...
No comments:
Post a Comment
Thanks for your comment it is much appreciated.