Fox News appeals ruling for U.S. Fed over bailout
Fox News gets a whole lot of grief for being a biased, conservative news outlet — particularly in my academic circles. But here’s an example of Fox News behaving exactly how a news organization should:
Fox News Network LLC on Wednesday appealed a U.S. judge’s decision not to force the U.S. Federal Reserve to reveal the names of participants in its emergency lending programs.The news network, part of Rupert Murdoch’s News Corp. filed with the 2nd U.S. Circuit Court of Appeals seeking to over turn a July 30 ruling by U.S. District Judge Hellerstein that denied the network’s Freedom of Information Act (FOIA) request of the U.S. central bank.
Chief District Judge Loretta Preska ruled in favor of Bloomberg News and against the Fed saying the central bank had to release the names of the banks that participated in its emergency lending programs.
The Fed appealed Preska’s ruling and now both cases are before the 2d Circuit.
Nice to see Fox and Bloomberg fighting the government (well, quasi-government) for greater transparency.
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