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Facts, and Understanding, are Often in Conflict

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Headlined to H2 8/27/09

opednews.com

FACTS, AND UNDERSTANDING, ARE OFTEN IN CONFLICT:

Living In A Culture of Delusion Leads To Denial, Ignorance and Worse

By Danny Schechter

Author of Plunder

What do we have a right to know? In this web-based age, where we can Google almost everything, you'd think we would be better informed than we are.

We have Freedom of Information laws and a President who has promised transparency, offering some details on what he's doing on an easy to access website.

Yet, there is much more that we still don't know, and maybe never will

At long last, a report on CIA abuse of detainees came out, but years after the fact, and in a heavily "redacted" form--i.e censored. Already the prosecutor chosen to prosecute says there's not enough information there to do so. Duh?

The Presidents "Pay Czar" is afraid to release what he's found out about corporate compensation for fear it might lead, heaven forbid, to naming "targets of populist anger."

Reuters reports, "Kenneth Feinberg has said he is uncertain how much information will be made public. Privacy laws and fears that highly compensated executives will become targets for populist anger argue for limiting such disclosure.

"Feinberg, speaking on Martha's Vineyard on August 16 in his only public remarks since becoming President Obama's point-man on executive pay, called the issue of disclosure "a serious problem."

"There is a tension between not wanting to put on the front page of every newspaper in the country the specific compensation packages of these individuals ... versus the public's right to know," he said."

What are they afraid of? Apparently, embarrassing protest. Here's the worry cited: an earlier disclosure sparked criticism of Treasury Secretary Timothy Geithner "and prompted left-leaning groups to organize bus tours to visit the homes of AIG employees."

OMG, Oh no!

Sometimes the scales of justice tip in the public's direction. A judge is ordering the Federal Reserve Bank to reveal information it has insisted on keeping secret. That's a good thing.

Bloomberg reports,"Manhattan Chief U.S. District Judge Loretta Preska rejected the central bank's argument that the records aren't covered by the law because their disclosure would harm borrowers' competitive positions. The collateral lists "are central to understanding and assessing the government's response to the most cataclysmic financial crisis in America since the Great Depression," according to the lawsuit that led to yesterday's ruling.' No doubt the Bank will appeal!

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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It's pretty easy to guess what the banks don't wan... by Scott Baker on Thursday, Aug 27, 2009 at 11:07:35 AM