Tumblroth
Publick Posts, Both Foreign and Domestick.
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Quote reblogged from Quoting the CrisisThe board essentially speculates on how a borrower might enter a downward spiral of financial instability if its participation in the Federal Reserve lending programs were to be disclosed. Conjecture, without evidence of imminent harm, simply fails to meet the board’s burden.
Chief District Judge Loretta Preska of the federal court in Manhattan, in her 47-page opinion ruling against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs, quoted by Jonathan Stempel in
Federal Reserve loses suit demanding transparency
| Reuters (via quotingthecrisis)A good day for transparency. The financial world needs way, way more of this.
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danielroth reblogged this from quotingthecrisis
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quotingthecrisis posted this
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