A team of Bloomberg News reporters who produced a series of stories that demanded accountability from the Treasury Department and the Federal Reserve Board will be honored with the George Polk Award for National Reporting. The late Mark Pittman collaborated with colleagues Bob Ivry, Alison Fitzgerald and Craig Torres to help make transparent the transaction of trillions of dollars toward bank bailouts. Their stories, which kept a running tally of the government’s and the Fed’s commitments to banks, were invoked by legislators on Capitol Hill and were cited on international radio and television. When the Bloomberg staffers’ Freedom of Information Act requests were denied, their employer filed a lawsuit against the Fed. The media outlet won the case, requiring the central bank to make available to the public more detailed information about its loans. The decision has been appealed in court.
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