Categories: OLD Media Moves

NYTimes files suit against Fed, Treasury

Ryan Chittum of the Columbia Journalism Review reports that the New York Times is the latest media outlet to sue the federal government for being slow to respond to a Freedom of Information request for documents related to the Wall Street bailout.

Chittum reports, “The paper’s Jo Becker and Tim O’Brien filed suit this week to force the Fed and Treasury to respond to its requests for documents related to the bailout. Those include records that would document who Ben Bernanke and Hank Paulson consulted with in the creation of the bailout plan and would include records detailing the selection of BlackRock, PIMCO, Goldman Sachs, and Wellington Management to manage parts of the bailout.

“The Times accuses the government of violating FOIA by requiring an upfront agreement on fees and by not abiding by the time limits set under the Act.

“This is the latest lawsuit by the media to pierce the secrecy surrounding the bailouts. Bloomberg filed suit last fall to force the Fed to disclose what collateral its holding against its trillions of dollars in loans, and Fox Business News sued for information related to the bailouts of Citigroup, AIG and the Bank of New York Mellon.”

Read more here.

Recent Posts

FT taps Foy to cover European banking

Financial Times reporter Simon Foy is now covering European banks. He has been covering accounting for the…

2 hours ago

Debtwire seeks a private credit reporter

Debtwire, the leading provider of global fixed income news, analysis and data for more than…

5 hours ago

BNN Bloomberg anchor Kanwar is departing

Amber Kanwar, an anchor for BNN Bloomberg in Canada, is departing at the end of…

5 hours ago

Moody’s promotes Kantrow to editor in chief

Moody's Ratings has promoted Yvette Kantrow to senior vice president and editor in chief. She has been…

5 hours ago

Politico reporter Fieseler departs

Politico reporter Clare Fieseler is leaving the news organization to take on some ocean reporting projects. She…

5 hours ago

WSJ’s Eisen to write book about the mortgage market

Wall Street Journal reporter Ben Eisen has signed a contract with Norton to write a book about…

7 hours ago