Subprime loans with top grades from ratings companies are being sold to buyers who have no way of knowing whether the information theyre getting about the securities are accurate. (Wherever you are, Mark Pittman, we miss you.)
Date: Oct 02, 2014
Category: Business
Source: Google
Wall Street Aristocracy Got $1.2 Trillion in Fed's Secret Loans
Congress required the disclosure after the Fed rejectedrequests in 2008 from the late Bloomberg News reporter Mark Pittman and other media companies that sought details of itsloans under the Freedom of Information Act. After fighting tokeep the data secret, the central bank released unprecedented
Date: Aug 21, 2011
Source: Google
Fed Releases Discount-Window Lending Records Under Court Order
The justices left intact lower court orders that said the Fed must reveal documents requested by Bloomberg related to borrowers in April and May 2008, along with loan amounts. The late Bloomberg News reporter Mark Pittman asked for the records under the Freedom of Information Act, which allows citizens access to government papers.