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Federal Reserve Refuses to Release Details about Bailed-Out Banks

HeadlineJan 12, 2010

The Federal Reserve has asked a US appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in US history. The Bloomberg news agency sued in November 2008 after the Fed refused to name the firms it lent to or disclose the amounts or assets used as collateral under its lending programs

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