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Federal Reserve releases and withholds documents on credit crisis

As noted here before, the Federal Reserve has been reluctant to release documents about bailout money.

Now according to POGO, “Governmentattic.org has posted several documents from the Federal Reserve in response to a FOIA request about the Fed’s lending activities related to the credit crisis” but “the Fed was withholding over 2,000 pages of information under the (b)(4) and (b)(5) FOIA exemptions, which protect against the disclosure of “trade secrets” and “inter-agency or intra-agency memorandums or letters.””

The Fed Knows Best, Project on Government Oversight, Feb 23, 2009.

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