Kathryn Glass of FoxBusiness.com has a story on Monday about the Supreme Court turning down the appeal of the banks, requiring the Federal Reserve to disclose who took loans from the government during the 2008 economic crisis.
Glass writes, “‘We were asking who went to the Fed to borrow during that crisis period, and how much did they borrow,’ said Steve Mintz, outside legal counsel for FOX Business Network.
“In an interview with FOXBusiness.com, Mintz explained that banks have argued that releasing information about which banks went to borrow money during the discount window could incite a run on the banks and impose a collapse of the system.
“‘Our position is that an informed citizenry is better than an uninformed citizenry,’ Mintz said. ‘The American people deserve to know what the Fed is doing with its money — our money.’
“This is the second legal victory filed under FOIA for FOX Business. Last summer the network filed suit to block a provision of the Dodd-Frank Act, which would have exempted the Securities and Exchange Commission from some FOIA statutes, allowing the agency to keep some of the information derived from its dealings a secret.”
Read more here.
The U.S. ambassador to the United Nations has lambasted Russia over its continued detention of…
Wall Street Journal editor in chief Emma Tucker sent out the following on Thursday: Today we announced…
Clare Malone of The New York writes about Hunterbrook, which is using reporting from journalists to…
The Hollywood Reporter awards editor Tyler Coates is leaving the news organization. His last day will be…
Laura Purkess has been promoted to consumer features editor at The Sun. She will maintain…
Pat Ferrier, senior business reporter at the Coloradoan in Fort Collins, is retiring after 23…