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Judicial Watch Forces Release of Bank Bailout Documents

Judicial Watch Forces Release of

Bank Bailout Documents

Contact Information:

Press Office 202-646-5172, ext 305

Washington, DC -- May 13, 2009

Documents Detail Historic Treasury/Bankers Meeting – but Geithner Input on Key Document Withheld from the Public

Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it forced the Obama administration to release documents about the October 13, 2008, Treasury Department meeting that coerced major banks to allow the government to take $250 billion equity stakes.





Among the other news, the documents confirm former Treasury Secretary Hank Paulson told the CEOs of nine major banks that they had no choice but to allow the government to take equity stakes in their institutions. The documents show Obama Treasury Secretary Tim Geithner, FDIC Chairman Shelia Blair, and Fed Chairman Ben Bernanke co-hosted the meeting with Paulson.



Judicial Watch filed a Freedom of Information Act (FOIA) request about the bankers meeting on October 16, 2008. After months of stonewalling, a FOIA lawsuit was filed against the Obama Treasury Department on January 27, 2009. Incredibly, on February 4, Treasury responded it had no documents about the historic meeting.





Pressure from Judicial Watch forced Treasury to reevaluate its response, which resulted in this document release last month. Included in the new documents are:

LOTS MORE PLUS DOCS: http://www.judicialwatch.org/ news/2009/may/judicial-watch- forces-release-bank-bailout- documents

May 14, 2009 in Current Affairs | Permalink

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