Re: Transparency Watch [Greg Pollowitz]
The post below is actually old news. Fox Business News sent in this update:
FOX BUSINESS NETWORK ACHIEVES A VICTORY IN TREASURY LAWSUIT OVER FREEDOM OF INFORMATION ACT REQUESTS
FOX Business Network (FBN) has achieved victory in their lawsuit against the United States Treasury Department over failure to respond to FBN's Freedom of Information Act (FOIA) requests, announced Kevin Magee, FOX News Executive Vice President.
The decision was delivered earlier today by United States District Judge Holwell who ordered the Treasury to comply with FBN's FOIA requests within 30 days, or by March 23, as well as stated that the Treasury must provide a Vaughn Index to FBN by April 6.
In making the announcement, Magee said "We're thrilled that this information is finally, and rightfully, going to be made available to the American public. Fox Business Network, as a news organization, believes it's important to hold the government accountable, especially for use of the bailout funds during this time of steep economic crisis."
The initial request, filed in November, 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 December 1, sought similar data on the bailout funds for Citigroup, Inc. FBN has been asking for 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. The FOIA complaint was filed by FOX News Network, LLC, as owner of FBN.
02/20 05:00 PM
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