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April 20, 2009

Bloomberg Sues Fed Reserve
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In economic news, Bloomberg News has filed a lawsuit to force the
Federal Reserve to disclose information about the $2 trillion it has
lent to financial institutions. The Fed has refused to name the
borrowers or the amounts of loans. The biggest recipients of taxpayer
aid made or refinanced 23 percent less in new loans in February than in
October. Goldman Sachs reduced lending by 50 percent.



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