In at least two recent stories, the mainstream press are highlighting Obama administration slow-walking on transparency.
Bloomberg recently filed suit against the Fed under the Freedom of Information Act to force disclosure of securities the central bank is taking as collateral for $1.5 trillion of loans to banks.
“The American taxpayer is entitled to know the risks, costs and methodology associated with the unprecedented government bailout of the U.S. financial industry,” said Matthew Winkler, the editor-in-chief of Bloomberg News, a unit of New York-based Bloomberg LP . . . .
And here’s what President Obama said in his day-one memorandum on FOIA: Continue reading →
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