From Bloomberg News
Court Orders Federal Reserve to Disclose Emergency Loan Details
By Mark Pittman

The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.

Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions.

The Fed has refused to name the financial firms it lent to or disclose the amounts or the assets put up as collateral under 11 programs, most put in place during the deepest financial crisis since the Great Depression, saying that doing so might set off a run by depositors and unsettle shareholders. Bloomberg LP, the New York-based company majority-owned by Mayor Michael Bloomberg, sued on Nov. It is not recommended viagra sale for people with severe heart, liver and kidney problems. The content of sildenafil citrate being active ingredient of this product works by mending the deterioration caused in the path that blocks the india generic cialis sexual erection of the penile region. What is a fear for many men troubled by the odds of health such as erectile dysfunction or premature ejaculation. it can be very frustrating not being able to http://www.wouroud.com/order-8095 viagra sample india enjoy a normal sex life as it affects their ability to achieve and sustain an erection, to satisfy both parties involved. That adds up to quite a few side efects of buy viagra without rx that includes stomach upset, facial flushing and headaches. 7 on behalf of its Bloomberg News unit.

“The Federal Reserve has to be accountable for the decisions that it
makes,” said Representative Alan Grayson, a Florida Democrat on the House Financial Services Committee, after Preska’s ruling. “It’s one thing to say that the Federal Reserve is an independent institution. It’s another thing to say that it can keep us all in the dark.”

The judge said the central bank “improperly withheld agency records” by “conducting an inadequate search” after Bloomberg News reporters filed a request under the information act. She gave the Fed five days to turn over documents it told the reporters it located, including 231 pages of reports, and said it must look for more at the Federal Reserve Bank of New York, which runs most of the loan programs.
Read it all at Bloomberg News.