Sunday, March 01, 2009

A victory for transparency in the bailouts

Over the past few months, I've noted that some of architects (Bernanke & Geithner) of America's failed economic policies oppose real transparency. And now the courts seem to agree that decision's made by Bernanke and Geithner are wrong and unacceptable.

From FBN:

FOX Business Network has won a victory against the Treasury Department in its Freedom of Information Act request for details about the government’s bailout plan.

Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York said in a decision Friday that the government is directed to comply with FOX Business’s request under the FOIA “within 30 days and to produce a Vaughn index with 45 days.”

That means Treasury must comply with FOX Business’s request by Monday, March 23, and must produce a Vaughn index by Monday, April 6.

A Vaughn index details which documents have been withheld and why.

Tim White

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