As I wrote in “The Bloomberg Way,” our guide for reporters and editors, “The appearance of impropriety can be as damaging to a reputation as doing something improper. Because we hold others accountable for disclosure, we expect the same of ourselves. While disclosing errors of judgment may be embarrassing, the sooner the lapses are reported, the sooner there is nothing more to say.”
Federal Reserve Chairman Ben S. Bernanke’s response to Bloomberg News reporting regarding the Fed’s emergency lending to banks and other companies, although hardly complimentary, sounded a welcome note of engagement by the U.S. central bank in issues that frame one of the most important financial stories of our time.
Americans can take comfort knowing that Congress and the courts affirmed what may prove the most reassuring legacy of the worst financial disaster of our time: The Federal Reserve is the people’s bank and obligated to share what it knows and does with the citizenry it serves.
The European Central Bank allowed itself to be deceived by a default in the making and now refuses to share with the taxpaying citizens it represents the details of the deception. Secret and opaque financing got Europe into a mess that can only be resolved by the transparency of full disclosure.
Matthew Winkler, editor-in-chief of Bloomberg News, talks about Bloomberg News' response to Federal Reserve Chairman Ben S. Bernanke's letter to four senior lawmakers yesterday that said recent news articles about the central bank's emergency lending programs contained "egregious errors."
Bloomberg News Names Susan Goldberg Executive Editor Goldberg to Lead Bloomberg’s Expansion of State and Local Government News Coverage Business Wire NEW YORK -- October 20, 2010 Susan Goldberg, editor of The Plain Dealer, will join Bloomberg News as an Executive Editor to oversee the expansion of state and local government reporting, Editor in Chief Matthew Winkler announced today. Goldberg will be based in San Francisco. Her new role will reinforce Bloomberg’s continued commitment to West Coast reporting, especially California, as well as state and local government issues across the country. As the Editor of The Plain Dealer in Cleveland, Goldberg led the news staff and editorial/opinion operation and oversaw major strategic initiatives, including significant watchdog reporting and ongoing work to transform the newspaper into a digital information company. Under Goldberg’s leadership, The