The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral, according to a Bloomberg story by Mark Pittman.
“While the senders and recipients of the messages were revealed, the contents were erased except for two phrases identifying a vendor as ‘IDC.’ One of the e-mails’ subject lines refers to ‘Interactive Data — Auction Rate Security Advisory May 1, 2008.’
“Brian Willinsky, a spokesman for Bedford, Massachusetts-based Interactive Data Corp., a seller of fixed-income securities information, declined to comment.
“‘Notwithstanding calls for enhanced transparency, the Board must protect against the substantial, multiple harms that might result from disclosure,’ Jennifer J. Johnson, the secretary for the Fed’s Board of Governors, said in a letter e-mailed to Bloomberg News.
“‘In its considered judgment and in view of current circumstances, it would be a dangerous step to release this otherwise confidential information,’ she wrote.”
Read more here.
The Information has hired Ken Brown as senior finance editor. Brown was previously at the…
The Globe and Mail is seeking a New York correspondent to report from the heart…
The union that represents editorial staffers at Bloomberg Industry Group sent issued the following in…
City AM, a publication covering London business news, has confirmed it is ending its Monday…
Kimberly Johnson, former election editor at The Wall Street Journal, wrote a goodbye email to…
X has hired John Stoll, a former editor and Detroit bureau chief at The Wall…