Bids for Failed Banks: A State Secret?

``For decades, the Federal Deposit Insurance Corp. disclosed all bids on failed banks to the public. That was then. This is now: no disclosure on losing bids, no explanation to date, and the change might become permanent... Some observers also questioned whether the FDIC can legally withhold such records and accused the agency of flouting the Freedom of Information Act, which details what can be kept confidential and requires public disclosure in all other cases.''