On March 19, 2010, the U.S. Court of Appeals for the Second Circuit affirmed a New York district court’s decision ordering the Federal Reserve to release over 231 pages of documents under the Freedom of Information Act (FOIA). The Federal Reserve had unsuccessfully appealed the lower court’s ruling, which ordered the Fed to reveal the details of taxpayer funded bailouts of key financial institutions. The decision was a victory for WLF, which filed a brief in support of the district court’s holding that the information sought by Bloomberg News was not entitled to protection. The appeals court’s ruling vindicates the principal policy behind FOIA–enabling an informed citizenry to hold its government accountable. WLF applauded the appeals court for upholding both the spirit and letter of FOIA.