Financial transparency

City-run meeting on Philadelphia finances will be closed to public

Lilly Chapa | Freedom of Information | News | April 17, 2013
News
April 17, 2013

Philadelphia plans to bar reporters from attending a city-run conference this week where public officials will discuss the city’s finances and budget in an effort to attract potential investors.

The two-day Philadelphia Investor Conference, which begins Thursday, is considered a private meeting under Pennsylvania’s Open Meetings Act, said Mark McDonald, a spokesman for Michael Nutter, the city’s mayor.

House holds hearing on controversial SEC FOIA exemption

Daniel Skallman | Freedom of Information | Feature | September 16, 2010
Feature
September 16, 2010

Led by Chairman Barney Frank, D-Mass., the House Financial Services Committee held a hearing Thursday to address concerns regarding a clause in the Dodd-Frank Wall Street Reform and Consumer Protection Act that shields public access to certain records and information obtained by the Securities and Exchange Commission.

Fox News appeals denial of bailout-related information

Ansley Schrimpf | Freedom of Information | Quicklink | September 10, 2009
Quicklink
September 10, 2009

Fox News appealed a federal court decision on Wednesday that allows the U.S. Federal Reserve to keep secret the names of financial firms that borrowed from bailout lending programs.

Fed must disclose companies that received loans

Corinna Zarek | Freedom of Information | Quicklink | August 25, 2009
Quicklink
August 25, 2009

The string of FOIA lawsuits for release of records of the government's emergency lending programs finally saw its first victory Monday. The Federal Reserve Board must release to Bloomberg News records identifying the financial firms it loaned bailout funds to as well as the assets or amounts put up as collateral, the news agency reported.

FOIA suits over bailout documents mount up

Hannah Bergman | Freedom of Information | Feature | March 30, 2009
Feature
March 30, 2009

Realizing litigation may be the best option to receive records related to the financial industry bailout, yet another news organization lawsuit has joined the FOIA lawsuit parade.

The New York Times filed a lawsuit under the Freedom of Information Act on March 23 seeking documents from the Federal Reserve Board and the Treasury Department. The newspaper’s various FOIA requests have gone unfilled, according to the complaint.

New tools help public gauge banks' health

Hannah Bergman | Freedom of Information | Quicklink | March 18, 2009
Quicklink
March 18, 2009

The Investigative Reporting Workshop at American University's School of Communications just launched a new tool that makes it easier to check up on the health of banks receiving government bailout funds.

The project, in partnership with msnbc.com, uses publicly available information from government agencies to calculate a "troubled assets ratio." That ratio helps people know just how "troubled" the bank is.

Treasury follows through on transparency promise

Hannah Bergman | Freedom of Information | Reaction | January 28, 2009
Reaction
January 28, 2009

In an abrupt turnaround from Bush administration policy, the Treasury Department has released details of its contracts with banks that received government money as part of the ongoing financial industry bailout.

Treasury Secretary Timothy Geithner also announced plans for increased transparency in future bailout transactions.

Fox News files FOIA suit against Treasury

Hannah Bergman | Freedom of Information | Quicklink | December 19, 2008
Quicklink
December 19, 2008

Fox Business Network announced Thursday it is suing the Treasury Department for documents related to the $700 billion financial bailout plan.

Fed won't name recipients of $2 trillion in loans

Corinna Zarek | Freedom of Information | Quicklink | December 12, 2008
Quicklink
December 12, 2008

The Federal Reserve Bank is refusing a Bloomberg News request for names of recipients of more than $2 trillion in taxpayer-funded emergency loans.

Bloomberg files FOIA lawsuit over bailout documents

Hannah Bergman | Freedom of Information | Quicklink | November 7, 2008
Quicklink
November 7, 2008

Bloomberg News filed a Freedom of Information Act lawsuit against the Federal Reserve system Friday, seeking documents related to the financial services crisis, the news service reported.

The suit, filed in federal court in New York, asks for documents the government says are held by the Federal Reserve Bank of New York. The bank, one of a dozen in the Federal Reserve system, has not complied with FOIA because it has not been considered a government agency.