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High Court Denies Bid To Bar Details Of Fed Bailout

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The Federal Reserve will publish new details about its emergency lending to banks during the 2008 financial crisis after the Supreme Court on Monday rejected a final banking industry appeal for secrecy.

The central bank said it will release within the next week a list of loans made from its main emergency aid program, the so-called discount window. It is the first time the Fed will disclose such information, although last year it was required by Congress to publish data from its other lending programs.

“The Board will fully comply with the courts’ decisions and is preparing to make the information available,” a Fed spokesman, David Skidmore, said.

This might be interesting. So it's weeks away so that gives the banks plenty of time to get their spin machines working about how it's all better now.

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