Banking on secrecy

Simons, T.
December 1990
Washington Monthly;Dec90, Vol. 22 Issue 11, p31
Investigates Exemption 8, the exemption in the federal Freedom of Information Act (FOIA) that allows government secrecy in relation to financial institutions. The exemption's role in the savings and loan (S&L) crisis and possibly in future bank misdeeds or failures is also discussed. Examples; Hidden questionable enforcement of S&L regulations; Difficulties reporters have in obtaining information; Failure of efforts to modify FOIA; Arguments for Congressional changes in FOIA.


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