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The rhyming of history – Bloomberg and the RFC
Prieur du Plessis (August 28th, 2009) Writes:
This post is a guest contribution by Paul Kasriel* of The Northern Trust Company.
On November 7, 2008, Bloomberg LP sued the Federal Reserve Board under terms of the Freedom of Information Act to obtain the names of borrowers of funds from the Federal Reserve as well as lists of the collateral posted by the borrowers. On August 25, 2009, a U.S. District judge ruled in favor of Bloomberg, ordering the Federal Reserve Board to turn over to Bloomberg the requested information within five days. At this writing, the Fed has yet to comply and has yet made a decision to appeal the ruling. The Fed has been reluctant to reveal the names of its borrowers allegedly out of a concern that such a revelation could have an adverse competitive impact on the borrowers.
The reason I bring this up is that it is similar
...Bank, Bank Failures, Bank Panic, Bloomberg LP, Congress, Detroit, Director of Economic Research, Economic Research Department;, Federal Deposit Insurance, federal reserve board, Federal Reserve System, Forbes, Henry Ford, House of Representatives, investment postcards, Lawrence R. Klein;, Market Commentary, Michigan, Northern Trust, Reconstruction Finance Corporation, speaker, The Northern Trust Company;, The Wall Street Journal, U.S. District judge, Vice President and Director
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