Banks Ask High Court To Review Bailout Details Case

Law360, New York (October 26, 2010, 4:47 PM EDT) -- An association of major banks asked the U.S. Supreme Court on Tuesday to review a ruling ordering the Federal Reserve Board to turn over to two news organizations the names of banks that participated in its emergency lending program during the financial crisis.

The Clearing House Association LLC argued that a recent ruling by the U.S. Court of Appeals for the Second Circuit threatens to undo numerous court opinions that have effectively allowed government agencies to withhold sensitive details about commercial transactions with the government....
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