Fed Loses Secrecy Suit, Considering Options

Fed Loses Secrecy Suit, Considering Options

The Federal Reserve lost an appeal March 19 in a bid to keep hidden the details of its estimated $2 trillion in bailouts to bankers around the world, prompting celebration among anti-Fed campaigners and promises of a continued fight from the banking cartel.

A lower court ruled in August last year that the central bank must release the information under a Freedom of Information Act request filed by the Bloomberg media empire. But the Fed refused. Bloomberg had argued that the public had a right to know what was going on since U.S. taxpayers were