• 20 Feb 2009 at 2:17 PM

Just In Time For The Citigroup Data

By Bess Levin

FOX Business Network has won a victory against the Treasury Department in its Freedom of Information Act request for details about the government’s bailout plan.
Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York said in a decision Friday that the government is directed to comply with FOX Business’s request under the FOIA “within 30 days and to produce a Vaughn index with 45 days.”
[...]
The initial request, filed on Nov. 25, sought actual data on the use of the bailout funds for American International Group and the Bank of New York Mellon, and an additional request, filed on Dec. 1, sought similar data on the bailout funds for Citigroup.
FBN asked the Treasury Department to identify, among other issues, the troubled assets purchased, any collateral extended, and any restrictions placed on these financial institutions for their participation in this program.

Cody must be thrilled.
FOX Business Wins FOIA Lawsuit Against Treasury [FBN]

Comments (8)

  1. 1
    Posted by guest | February 20, 2009 at 3:00 PM

    Wonder what Obama is watching for a movie on Airforce One.

  2. 2
    Posted by guest | February 20, 2009 at 3:04 PM

    finally someone with balls thx Fox – now get us bam man’s campaign contributors so we can see who else will be running the country. Can we get the cost of running pelosi’s plane – you know the one we pay for so she can fly to calif and visit her $30mill mouse

  3. 3
    Posted by guest | February 20, 2009 at 3:34 PM

    Unfair and mainly unbalanced, that’s my assessment.

  4. 4
    Posted by guest | February 20, 2009 at 7:38 PM

    The board has full confidence in Mr.Prince

  5. 5
    Posted by guest | February 20, 2009 at 8:31 PM

    My trading floor is cheering Fox Biz on. They’re doing stuff that actually matters vs CNBC with a bunch of screaming egos on trading floors trying to get attention, so laughable but not really funny. This ruling actually helps us make better trades. Thank u FBN

  6. 6
    Posted by guest | February 20, 2009 at 8:35 PM

    Fox Business is acting like a journalism outfit, and it doesn’t hurt that their babes are way more smokin’ hot than CNBC. Bring on the transparency of the TARP AND maybe Claman can wear a transparent outfit one of these days for us. She’s The Red Fox!

  7. 7
    Posted by guest | February 21, 2009 at 4:59 AM

    Wonder if FBN has considered that should the list become public, FBN (and most other going concerns) would no longer be in business.
    Hopefully, they “lose it” upon receipt.

  8. 8
    Posted by guest | February 21, 2009 at 11:18 AM

    @7 seriously, FBN will be much stronger for releasing it. More audience = more ad $. Plenty of advertisers want the finance viewers.

Leave a comment

You can log in with your account or comment as a guest below.

   or