Sunday, May 12, 2013

Fed, Treasury Examining Bloomberg Use of Data


Leisman has a report (here at Yahoo) on how insiders at Bloomberg may have accessed account information associated with high US government officials at Treasury and the Fed.

The information appeared to concern general functions used by the officials and the frequency with which those functions - such as looking at a bond, equity markets or news - were accessed.
It's amazing that the top officials have to go through a non-government information service provider to obtain information related to bonds, interest rates and other economic data.

You would think that the Treasury and Fed would have their own secure internal information systems to monitor the key economic data necessary for decision making by these government policymakers.

Perhaps they do not even have such a system and are in effect "flying blind".


3 comments:

paul meli said...

Everything must be privatized.

Skimmers gotta skim.

Anonymous said...

"You would think that the Treasury and Fed would have their own secure internal information systems to monitor the key economic data necessary for decision making by these government policymakers."

You are forgetting the Bush doctrine:

That government is best that is incompetent.

Matt Franko said...

Bill,

c'mon we're half a decade past that era, last I checked W was painting watercolor pictures of his toes in the bathtub or something...

http://animalnewyork.com/2013/look-at-george-w-bushs-paintings/

Weird-o-rama.

W is gone from the scene.

President "We're out of money!" Obama is overseeing the current chaos...

The left has to start putting some legitimate political pressure on this admin wrt the current Petersonian-Rubinite synthesis they are operating under...

rsp,