Bloomberg Reporters Won't Be Making Nazi Comparisons Any Time Soon
AP/ U.S. Holocaust Memorial Museum, courtesy of Atlantic Foto Verlag Berlin
Hitler.
Not quite, says a new report concluding
In the piece, Bloomberg likened the damage done to an Italian town thanks to a bad JP Morgan deal with the town's Third Reich occupation six decades earlier.
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But the review — brought on by May's terminal snooping scandal — led Clark Hoyt, a Bloomberg News editor, to write this report obtained by the New York Times:
In one of the great campaigns of World War II, Monte Cassino was completely destroyed in a wave of battles that claimed 75,000 casualties and the lives of hundreds of townspeople. To suggest that a bond deal gone sour, curtailing daycare for 60 children and services for the poor, is comparable to the terror and cataclysm of war is inconsistent with BN’s high standards.
A separate review also shed light on how Bloomberg journalists were able to use users' terminal information to inform their articles (and lurk on trader chatrooms). Reporters no longer have access to that information, according to the report.
Bloomberg may have issued a mea culpa for the Nazi article, but the New York Times reported they have no plans to alter the original report.
Read the full report at the New York Times>
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