The Federal Reserve released thousands of pages of secret loan documents under court order, almost three years after Bloomberg LP first requested details of the central bank’s support to banks during the financial crisis, reports Craig Torres of Bloomberg News.
“The justices left intact lower court orders that said the Fed must reveal documents requested by Bloomberg related to borrowers in April and May 2008, along with loan amounts. The late Bloomberg News reporter Mark Pittman asked for the records under the Freedom of Information Act, which allows citizens access to government papers. News Corp.’s Fox News Network LLC filed FOIA requests for similar information on loans made from August 2007 to March 2010.
“Former Fed officials, lawyers representing the central bank, and even some Fed watchers have expressed concern that revealing the names of discount-window borrowers could keep banks away from the facility in the future.”
Read more here.
Travel industry site Skift has hired Sophie Wilkinson as deputy managing editor. She is based…
The Logic deputy managing editor Charlie Gillis sent out the following to the staff: I…
Jonah Kessel, director of video for New York Times Opinion, sent out the following on Friday:…
Reuters is looking for an ambitious publishing editor to work on our fast-paced Global News…
Wall Street Journal editor in chief Emma Tucker said at least 20 people were involved in the…
This is one of the FT’s most exciting global beats: a high-impact reporting role at…
