Nearly four years ago, in the aftermath of the financial meltdown of 2008, Fox Business Network filed a Freedom of Information Act suit against the Treasury Department seeking information about how bailout money was being spent. Late Tuesday a federal judge ruled Treasury must turn over documents related to out AIG — the too big to fail insurer.
Fox Business has already gotten access to some documents — largely with redacted information — which led them to report on how Treasury was concerned about the issuance of bonuses for AIG executives. It also disclosed that Treasury officials considered letting AIG file for bankruptcy protection.
Once FBN gets its hands on the new documents, the network hopes to report an even clearer picture of the communications between Treasury and AIG on issues including compensation, requests from the media, dealings with Congress and investor relations.