Apparently, about a year ago Bloomberg sued the Federal Reserve in order to make them release the names of the banks that are receiving emergency federal bailout loans. Since these loans are rumored to be in the trillions of dollars, this doesn't seem unreasonable. The Fed fought and lost, and now the banks are trying a last ditch effort to stop the reveal. They're saying that if the names of the banks are revealed it could OMFG DESTROY THE WHOLE BANKING SYSTEM NOOOOOO!!1!!11!one!uno!
Yeah, right. Who honestly believes that the entire banking system would collapse just because people knew who was taking emergency funding from the Fed? I think the reason is this - banks are so used to conducting most of their operations outside the public eye, so they're bound to react badly when people ask to find out what, actually, goes on in those big, tall buildings behind the curtain. So they're just knee-jerk opposed to any efforts at transparency. Too bad for them, then, that their attempt to get out of transparency requirements is just, well, lame.
They should ask Obama how it's done. Seems he and his predecessor were pretty good at that sort of thing.