Fed’s Transparency and Disclosure Deadline Approaches

The Fed has refused to name the financial firms it lent to or disclose the amounts or the assets put up as collateral under the emergency programs, saying disclosure might set off a run by depositors and unsettle shareholders. The Bloomberg lawsuit said the collateral lists “are central to understanding and assessing the government’s response to the most cataclysmic financial crisis in America since the Great Depression.”

via Judge Sets Sept. 30 Deadline for Fed to Appeal Disclosure Order – Bloomberg.com.