Blog on the Run: Reloaded

Friday, March 19, 2010 8:21 pm

And somewhere, Mark Pittman is smiling, at least for the moment

Filed under: I want my money back. — Lex @ 8:21 pm
Tags: , , ,

A federal appeals-court panel says the Fed must give up records on bank bailouts. Certainly the Fed will appeal this to the full court and, if it loses there, the Supreme Court. But this lawsuit, begun by the late Bloomberg reporter Mark Pittman, has so far generated legal rulings that, despite the whining of the Fed, the government and the banksters, yes, indeed, how our money is used is our business.

UPDATE: Oh, yes, they did:

The requirement of disclosure under FOIA and its proper limits are matters of congressional policy. The statute as written by Congress sets forth no basis for the exemption the Board asks us to read into it. If the Board believes such an exemption would better serve the national interest, it should ask Congress to amend the statute.

Normally, courts don’t tack on sentences like that last one, because, well, everyone who was awake in eighth-grade civics knows how that works. When they tack it on, it’s to make a point, and the point is that, contrary to what the Fed’s attorneys want people to think, this isn’t even a close legal question, not to say the Roberts SCOTUS won’t pretend otherwise.

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