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Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
STILL this should not change the fact the the federal govt had to be sued to provide something that should be FOIA and ALREADY transparent. The fact that hundreds of thousands was wasted in court...which WAS probably done during the Obama administration?
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Actually the Whole Process started on May 21, 2008.
yes the Appeal Process carried over to Obama's Administration...but the Initial "FU we ain't releasing them" was set in motion prior to him getting elected.
Timeline of Bloomberg's lawsuit against the Fed
- May 21, 2008: Bloomberg files a Freedom of Information Act request. The Fed denies this request
- Nov. 7, 2008: Bloomberg files suit to require disclosure [Bloomberg LP v. Federal Reserve, U.S. District Court, Southern District of New York (Manhattan)].
- Aug. 24, 2009: Judge Loretta Preska rules that the Fed must disclose this information
- Sept. 30, 2009: Fed appeals decision
- Jan. 12, 2010: U.S. Court of Appeals hears oral arguments
- March 19, 2010: Appeals court upholds Preska decision
- May 4, 2010: Fed and Clearing House ask full U.S. Court of Appeals to overturn Preska ruling
- Aug. 23, 2010: Full appeals panel refuses to overturn Preska ruling
- Aug. 27, 2010: Court of Appeals gives Federal Reserve 60 days to decide on taking the case to the Supreme Court
- Oct. 26, 2010: Federal Reserve decides not to join the Clearing House Association in asking the Supreme Court to consider an appeal.
- Feb. 19, 2011: U.S. Solicitor General recommends the Supreme Court reject the Clearing House's appeal.
- March 21, 2011: Supreme Court rejects appeal and orders release of bank loan data
Bloomberg Blog