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Thursday, December 18, 2008

Fox Business Network Sues Treasury Department

Fox Business Network has filed a lawsuit against the Treasury Department over "failure to provide information on the bailout funds or respond to FBN's expedited requests filed under the Freedom of Information Act (FOIA)."
In a press release, Fox Business said there were two requests — one filed on November 25 sought information on the use of the bailout funds for AIG and Bank of New York Mellon, while another filed on December 1 sought information on Citigroup.
Fox News Executive Vice President Kevin Magee said, "The Treasury has repeatedly ignored our requests for information on how the government is allocating money to these troubled institutions. In a critical time like this amidst mounting corruptions and an economic crisis, we as a news organization feel it's more important than ever to hold the government accountable."
Full release below:
FOX BUSINESS NETWORK SUES THE TREASURY DEPARTMENT FOR FAILURE TO RESPOND TO FREEDOM OF INFORMATION ACT REQUESTS
LinkHere

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