Saturday, May 11, 2013

Bloomberg Reporting Probe

Feds Examine "Use" of Bloomberg Terminals

CNBC's Steve Liesman writes:
Both the Federal Reserve and the US Treasury Department are examining the extent to which usage information of top officials might have been tracked by Bloomberg journalists.
Liesman also talked with an ex-Bloomberg worker:
The former Bloomberg employee who worked in the editorial section recalled calling up the information on Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner 'just for fun' and displaying the information to new recruits 'to show how powerful' the Bloomberg terminals were.
Spying, snooping and journalism are not the same practices.

Bloomberg reporting faces a crisis of trust, as I type this.

The firm's reputation is at risk.

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