Comment: Here's some background on the issue

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northstar's picture

Here's some background on the issue

Snippets from article....

Bloomberg started the battle May 21, 2008

The Fed denied the request.

Nov. 7, 2008, Bloomberg filed suit.

On Aug. 24, 2009, Judge Loretta Preska of the U.S. District Court for the Southern District of New York ruled in favor of Bloomberg

The Fed appealed the judge’s decision Sept. 30.

In October, the New York appeals court granted the Fed’s motion to keep the borrower information confidential while it seeks to overturn the lower court ruling.

A hearing on the appeal is tentatively scheduled for the week of Jan. 4.

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