By C. Powell
GATA’s freedom-of-information lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia, an action seeking access to the Fed’s records involving gold and particularly gold swaps, is nearing a critical point.
The Fed has asked the court for what’s called summary judgment — dismissal of the lawsuit on the grounds that no relevant evidence is in dispute and that even if all factual assertions by the plaintiff are true there is no remedy at law.
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