Did Bloomberg Violate Federal Wiretapping Laws?

 

by John Galt
May 20, 2013 16:30 EDT

BLOOMBERG_TERMINAL

The Mayor of New York, America’s Jewish Himmler wannabe must be furious that his empire is under assault with the revelation that the reporters at the company which bears his name were allegedly illegally snooping into the actions and activity of Bloomberg terminal users:

Bloomberg: Yes, reporters had access to client data

The CNET News story at the link above by Lance Whitney indicates that the reporters had limited access to a user’s data. Of course that comes from the people at Bloomberg so judge that for oneself:

“There was good reason for this,” Winkler said, “as our reporters used to go to clients in the early days of the company and ask them what topics they wanted to see covered. Understanding how clients used the terminal was more important then. We still do that today, which is why we have feedback tabs on our news-related terminal functions.”

Winkler stressed that reporters had no access to trading, portfolio, or stock monitoring systems. They were unable to see the stories being read by or the stocks being researched by the firm’s clients, nor could they peek at messages sent from one client to another. Further, Bloomberg reporters sign a confidentiality agreement that prevents them from disclosing any non-public information in their news stories.

 

The obvious questions becomes what if a reporter contacted a competitor with some piece of information for feedback or verification on an exclusive story, is there really any check or balance within the Bloomberg newsroom to verify that the confidentiality agreement was being upheld? The extremely liberal nature of the news, especially relating to social issues or the current administration’s actions, should cause the viewer of Bloomberg Television and readers of their website to cast a wary eye on any response regarding this scandal. Remember when it comes to the financial or mainstream media, often one and the same, trust but verify.

The challenge for those of us in the stands sipping beer and eating popcorn as the circus gets larger and louder will be to see if the Obama administration, a long time friend of the Mayor and his corrupt regime in New York City, will begin an investigation into potential violations of Federal Wiretapping laws. The law on this matter is fairly cut and dry with the pertinent information highlighted in red for my readers to review.

From Cornell University Law School’s website:

  18 USC § 2511 – Interception and disclosure of wire, oral, or electronic communications prohibited

(1) Except as otherwise specifically provided in this chapter any person who—

(a) intentionally intercepts, endeavors to intercept, or procures any other person to intercept or endeavor to intercept, any wire, oral, or electronic communication;

(b) intentionally uses, endeavors to use, or procures any other person to use or endeavor to use any electronic, mechanical, or other device to intercept any oral communication when—

(i) such device is affixed to, or otherwise transmits a signal through, a wire, cable, or other like connection used in wire communication; or
(ii) such device transmits communications by radio, or interferes with the transmission of such communication; or
(iii) such person knows, or has reason to know, that such device or any component thereof has been sent through the mail or transported in interstate or foreign commerce; or
(iv) such use or endeavor to use (A) takes place on the premises of any business or other commercial establishment the operations of which affect interstate or foreign commerce; or (B) obtains or is for the purpose of obtaining information relating to the operations of any business or other commercial establishment the operations of which affect interstate or foreign commerce; or
(v) such person acts in the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession of the United States;

Since the nature of the interceptions is truly unknown and the only reply regarding this matter is from a company official, there is just cause for opening up at least some line of inquiry by law enforcement officials into what actions their reporters engaged in and just what information they obtained.

If the case involved Fox News or a News Corp division, one would expect an immediate appointment of a Federal Grand Jury or a zealous U.S. Attorney to begin an investigation and utterly destroy the reputation of those entities. However, with the current level of scandals expanding exponentially on a weekly basis within the Obama regime, it is doubtful that any judicial investigation or action is forthcoming because the administration needs all of its friends that it can rent. This leaves the only active current investigation of this incident in the hands of the Federal Reserve; considering the fine job they did enforcing their own regulations against the large banks during the years of security fraud committed from 1999 through 2009 everyone can sleep better knowing this will go away in very short order.

UPDATED 16:53 – From the Financial Times (subscription required):

Bloomberg users’ messages leaked online

So much for the non-denial denial phase as the first two sentences of the article would seem to justify some sort of action by a prosecutor somewhere in this nation of ours:

More than ten thousand private messages sent between users of Bloomberg’s financial terminals have leaked online, undermining the company’s attempts to restore faith in its ability to keep client data confidential as it scrambles to allay clients’ privacy concerns.

Two long lists showing confidential Bloomberg messages between traders at dozens of the world’s largest banks and their clients have been online for several years, the Financial Times has learnt.

I’m not holding my breath on the government acting, as stated in the original article above.

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