Obama’s Courtroom Lawyer Overruled Fed on Appealing FOIA case to Supreme Court
Oct. 27 (Bloomberg) — The Obama Administration’s top courtroom lawyer directed the Federal Reserve to drop its plan to ask the Supreme Court to block the release of bank bailout records, according to a legal brief filed by a group of the biggest commercial banks. The Fed did not join the Clearing House Association LLC, a group of 20 banks, which appealed to the high court yesterday. The banks hope to reverse a lower court