Academic

Last week, the NY Times had a good recap of Bloomberg?s suit against the Fed to uncover the details of the bailout. It leads to the question of why the Fed still refuses to reveal details of which financial institutions received what support. Does the fear of bank runs still justify this secrecy 1 ½ years later?

For an analysis of the competing concerns behind secrecy in bank regulation, see Secrets of Bank Regulation by Heidi Schooner (Catholic University) at 6 Green Bag 2d 389 (Summer 2003).