It's hard to imagine what the former NY Federal Reserve President (at the time of the bailout) and current Secretary of the Treasury Tim Geithner wants to hide. Having transparency during the administration that promoted "change" would have been nice though maybe that was asking for too much. Bloomberg:
The Federal Reserve Board sought to delay the court-ordered release of documents identifying banks that might have failed without the U.S. government bailout while it considers an appeal to the U.S. Supreme Court.
The Fed asked the U.S. Court of Appeals in New York yesterday to delay implementation of a ruling that compels the central bank to release the documents.
“The stay is necessary to permit the board to consult with the Department of Justice regarding an appeal to the Supreme Court,” Fed spokesman David Skidmore said.
