Fox Business Network Sues U. S. Treasury

The U. S. Department of the Treasury is taking on friendly fire. The Fox Business Network has just announced that they are suing them to force the disclosure of information about the Wall Street bailout and how the funds are being used. FBN filed a Freedom of Information Act request last month, but the Treasury’s failure to respond has prompted this more aggressive action. In a press release, 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.”

While I have to applaud the spunk of FBN for turning on its master, there a couple of funny things in Magee’s statement:

  1. …we as a news organization…
  2. …hold the government accountable…

The first item, of course, has never been proven, and is disputed by most reputable journalism analysts. The second item raises the question as to why Fox has never before sought accountability from the Bush administration. Perhaps Magee’s revelation that accountability is now “more important than ever” was triggered by the imminent inauguration of President-elect Barack Obama.

Nevertheless, it will be interesting to see if they follow through and extract anything useful from government bean counters. Well, “counters” may be too generous a description for the unsupervised and reckless bean scattering that the Feds have engaged in. But it’s nice to know that Fox is on the job with muckraking broadcasts like this.


2 thoughts on “Fox Business Network Sues U. S. Treasury

  1. Seriously… Do you think anyone, other than a few dozen people read this garbage..?

    I suggest you spend your time more wisely and get a hobby, such as under water basket weaving, lawn dart sharpening or hand puppet grooming… At least then, you’ll be doing “someone” a service.

    No respect intended, so don’t dwell on it…

    • Does anyone read this garbage? You mean besides you?

      I’d spend more time responding to your insightful comment brimming with substance, but my lawn darts are getting dull.

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