Skip navigation.
Home
   Candidate & issue information

SCOTUS: Fed Must Disclose Loan Details

The U.S. Supreme Court has ruled that the Fed, America's central bank, must reveal the details of emergency loans it made to banks in 2008. Moreover, it has five business days to release those records. The ruling affects loans made through the Fed's discount window during the bailout crisis. The suit was brought by Bloomberg.

Bloomberg's editor-in-chief, Matthew Winkler, says it's the first time the Fed has been sued and the first time it's lost.