Silence On Gold Not So Golden

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The British have this particular way about "discretion," or what might in some circles be called discretion. That is to say, they keep their dirt quiet, at least as long as it takes The Sun to dig it up and scream it to the world. At that point they revel in gossiping about the sleaze, comforted in the knowledge that they, themselves, remain blameless in the sleazy and revolting business of trafficking in innuendo and rumor. It's a symbiotic cultural arrangement, really. The readers can indulge themselves in faux outrage, all the while eating up the slop like it was their first meal in a week, and the Sun is handsomely paid for its willingness to dispense with the pleasantries of English decorum.
The Bank of England, for example, is reluctant to disclose recipients of its emergency largess. The idea is to avoid creating panic. At least in times of uncertainty, the revelation that Bank X accepted funds from the Bank of England, could (in theory) cause a run on the bank.
Apparently, that's not going to fly in the United States.

Members of Congress, taxpayers and investors urged the Federal Reserve to provide details of almost $2 trillion in emergency loans and the collateral it has accepted to protect against losses.
At least five Republican members of Congress yesterday called for the Fed to disclose which financial institutions are borrowing taxpayer money and what troubled assets the central bank is accepting as collateral. More than 300 more investors and taxpayers also pressed for more disclosure in e-mails and interviews with Bloomberg News.

Lawmakers, Investors Ask Fed for Lending Disclosure [Bloomberg]

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