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Thursday, December 18, 2008

Keeping Information From The Disinformer

Seems that the good folks over at Fox Business Network have filed suit against the Treasury Department for failing to comply with a FOI ( Freedom Of Information ) request for documentation showing how the federal "bailout" money was being distributed to the troubled credit institutions.

In a press release, Fox Business said there were two requests — one filed on November 25 sought information on the use of the bailout funds for AIG and Bank of New York Mellon, while another filed on December 1 sought information on Citigroup.

Fox News Executive Vice President Kevin Magee said, "The Treasury has repeatedly ignored our requests for information on how the government is allocating money to these troubled institutions. In a critical time like this amidst mounting corruptions and an economic crisis, we as a news organization feel it's more important than ever to hold the government accountable."


More here.

So, what exactly at the guys and girls at FBN driving at? Does this have anything to do with the bailout of the credit markets or is merely a publicitiy stunt to draw in an audience that might make FBN's advertisers less likely to flee?

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