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Discount Window

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  • Tue, Mar 29, 2011 - 06:45am



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    Discount Window

Information about the Wall Street bailout the Fed has tried to keep confidential could be released to comply with a recent ruling by the Supreme Court. The Supreme Court on Monday sided with a reporter from Bloomberg News who sued to force the Fed to expose the Wall Street banks that borrowed emergency cash from a lending program called the “discount window”. In Dec. the Fed was required to discharge information about six other bailout programs; but the suit involving the discount window had been under appeal.

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