Below is a copy of the actual judgment in the Bloomberg News vs. Fed FOIA case.  The case is: Bloomberg LP v. Board of Governors of the Federal Reserve System, U.S. District Court, Southern District of New York (Manhattan), No. 08-9595.
Hat tip Barry Ritholtz and Zero Hedge.
Bloomberg FOIA Lawsuit Decision
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This just in from Bloomberg:
The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled.
The case is: Bloomberg LP v. Board of Governors of the Federal Reserve System, U.S. District Court, Southern District of New York (Manhattan), No. [...]

Thank goodness someone has some sense. Manhattan Federal District Court Judge Jed Rakoff refused to approve Monday’s Bank of America’s deal with the SEC be cause it may be unfair to the public to accept the settlement.
Bank of America was accused by the SEC of lying to shareholders about its role in bonuses at Merrill [...]

Bank of America’s story in the BofA-Merrill saga has always sounded dubious at best.  Ken Lewis has always claimed he was doing what was right by shareholders and America, that Gentle Ben and Hammering Hank coerced him into the Merrill deal, that Merrill’s CEO John Thain was not completely above board.
All of this should be [...]

Back in the 1970s, a Japanese car would be laughed off the road in America as a cheap poor man’s vehicle. But thins changed. Remember the Datsun 240Z? That was a car that showed us the Japanese were for real.  Datsun became Nissan and spawned Acura Infiniti, steadily moving up the chain toward even the [...]

Reuters is reporting that the ratings agencies are about to get into some serious legal problems.  You see,during the bubble years, the ratings agencies gave a gold-standard AAA rating to what now seems to be dubious investment vehicles.  Now, investors are angry and they are starting to sue.
Calpers, the biggest U.S. public pension fund, has [...]

I listened to the first day of the Sonia Sotomayor confirmation hearings for a spot as a US Supreme Court justice. I was very impressed.  The three who impressed me the most were Al Franken (D-MN), Arlen Specter (D-PA), and Sotomayor herself.
Franken was very well-spoken, even inspirational in his commentary after his introductory remarks.  Specter [...]

It is refreshing to read the foreign press because they have decidedly different takes on issues.Whether you agree or not, it is important to hear those views.
The Swiss are very negative on the U.S. and their tax fight against UBS. This has them dredging up pass legal skirmishes. Here’s an article from the Swiss [...]

The video linked below is a must-see piece of journalistic skepticism. The duo at Bloomberg News are discussing the recent alleged theft of trading code by a former Goldman employee Sergey Aleynikov who moved to a hedge fund called Citadel Teza, a hedge fund now being sued by Citadel and founded by Misha Malyshev, who [...]

This comes via the Sydney Morning Herald:
A year ago, after Stern Hu had survived 20-odd rounds of negotiations and won Rio Tinto and Australia an extraordinary 87 per cent price increase for its iron ore contracts, I asked him if he was being too aggressive.
He said he had no qualms with driving as hard a [...]