Fed to Release Documents Related to Libor as Early as Monday

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports the House Financial Services Committee demanding documents from the New York Federal Reserve during the time it was headed by Treasury Secretary Timothy Geithner and that these documents may be released “as early as Monday.” Gasparino further reports that the documents will be released through the Fed’s website.

On the House Financial Services Committee demanding documents from the New York Fed during the time it was headed by Treasury Secretary Timothy Geithner:

“They’re looking at [Geithner’s] actions when he was New York Fed President cause what happened was back in 2007 and 2008 he was alerted that banks like Barclays, which settled a major case, paid $415 million, it settled, its CEO was forced to step down, he was alerted at that time and what did he do? When did he know it? All this is going to come out. From what we understand, the House Financial Services Committee is doing an investigation. They asked for documents and what sources close to the committee are telling the FOX Business Network is that those documents may be released as early as Monday and usually the way the New York Fed does this because remember he was head of the New York Fed, they’re asking for that document request from the New York Fed, the Fed releases it on its website.”

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