Judge Denies Request for Federal Reserve Records by Fox Business Net

Jul 31, 2009  •  Post A Comment

A U.S. judge on Thursday denied a bid by Fox News Network seeking details from the Board of Governors of the Federal Reserve about the central bank’s loans to companies affected by the financial crisis, Reuters reports.

Reuters said that the owner of the Fox Business cable network made an initial request for documents last November under the Freedom of Information Act about the companies and funds they received between August 2007 and November 2008.

"I rule that one document, which the Board determined is not a record, is indeed, a record. The Board shall identify this document and either produce it or claim an exemption," Reuters quoted Hellerstein as saying in a written order. "In all other respects, I grant the Board’s motion and deny Fox’s motion."

–Tom Gilbert

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