Judicial Watch sues Fed for AIG bailout documents

Judicial Watch is suing the Board of Governors of the Federal Reserve System as a result of its failure to produce documents sought for months by the non-profit activist group regarding the 2008 bailout of American Insurance Group (AIG) with $85 billion under the Troubled Asset Relief Program (TARP).

The suit follows the board’s May 15 acknowledgement that it had received Judicial Watch’s Freedom of Information Act (FOIA) request for the documents. Under the FOIA, the board then had 10 days to produce the requested documents or explain why they were not available. Instead, the board has failed to tell Judicial Watch anything at all.