The Wall St. Journal has been sued for publishing negative performance information about a big hedge firm, with the Journal claiming it properly covered a matter of public concern. Big investment companies often seek to work in private, but then how is the public ever to know how they are doing? These days one could argue that lack of transparency in the financial world is largely to blame for the crisis, and the Journal (regardless of the slant of its U.S. editorial page) tries to play it straight when it comes to money. Investors expect it.
This entry was posted on November 28, 2008 at 11:57 pm and is filed under news & comment, trends in news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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transparency about your money
By sdreeseThe Wall St. Journal has been sued for publishing negative performance information about a big hedge firm, with the Journal claiming it properly covered a matter of public concern.
Big investment companies often seek to work in private, but then how is the public ever to know how they are doing? These days one could argue that lack of transparency in the financial world is largely to blame for the crisis, and the Journal (regardless of the slant of its U.S. editorial page) tries to play it straight when it comes to money. Investors expect it.
This entry was posted on November 28, 2008 at 11:57 pm and is filed under news & comment, trends in news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.