High Court won't block opening of Fed bailout records 

A landmark case in government transparency has been decided today by default. The Supreme Court has declined to hear several banks' challenge to a lower court's order that the Federal Reserve release data on which banks took bailouts during the financial crisis.

Banks had argued for the information to be kept secret, arguing that

"the appeals court ruling threatened numerous federal programs that depend on keeping commercial transactions confidential and could unjustifiably harm the reputation of banks that borrowed from the Fed's discount window.

Federal subsidies for banks could be endangered? Heaven forbid.

About The Author

David Freddoso

David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
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