U.S. court grants Fed stay in bailout disclosure case.
Arguments before the appeals court in New York day in court will happen on January 4, 2010–a U.S. appeals court on Turesday granted the Federal Reserve’s request for a stay of a ruling that would have forced the central bank to release the names of banks that participated in its emergency lending program.
What is more interesting, today according to a new report by the government watchdog overseeing the Trouble Asset Relief Program, is that henry “Hank” Paulson officially said all nine financial institutions that were receiving government aid were viable and healthy. Buried in the 50 page report is Paulson’s suggestion that an institution other than B of A and Citigroup, which have not paid back TARP, was near death. And yet a year later, that bank is still unidentified, even though, having paid back the taxpayers funds.
"Greg Gilbert and James Simos" are registered representatives of FINRA member firm, "Infinity Financial Services."
