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Fed's Court-Ordered Transparency Shows Americans 'Have a Right to Know'

From bloomberg.com

A Supreme Court order that forces unprecedented disclosures from the Federal Reserve ended a two- year legal battle that helped shape the publics perceptions of the U.S. central bank. The high court yesterday let stand a lower-court ruling compelling the Fed to reveal the names of banks that borrowed money at the so-called discount window during the credit crisis. The records were requested by Bloomberg LP, the parent company of Bloomberg News. In July, Congress passed the Dodd-Frank law, which mandated the release of other Fed bailout details. Fed Chairman Ben S. Bernanke now must finally understand that this money ... (full story)

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