Bloomberg Demands Fed Lending Disclosures In Suit

Law360, New York (November 7, 2008, 12:00 AM EST) -- Bloomberg LP accused the Board of Governors of the Federal Reserve System of illegally refusing to disclose which financial institutions have received more than $400 billion in emergency discount window loans and what kinds of securities it has accepted as collateral for the taxpayer money.

The complaint, filed Friday in the U.S. District Court for the Southern District of New York, alleges that the Fed violated the Freedom of Information Act in failing to respond to a request for documents Bloomberg made more than five months...
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