2009-02-14 — reuters.com
The story originally had this key passage:
The bolded paragraph, particularly, was removed. Completely. I know because a copy was originally emailed to me. Note: Reuters did not disclose that this was an updated version of the release, nor did they change the timestamp on it from Thu Feb 12, 2009 8:22am EST, yet I can confirm the story has changed since 6:56pm on the 13th.
It seems like Reuters couldn't take the heat on how touchy this barely-balanced standoff between the US and China is, and how the runaway deficit spending threatens devaluation or hyperinflation.
Or maybe someone told them this part had to go.
Update: The full version of the quote can still be found in this FT version of the remarks.
Update 2: John from HousingDoom points out that this isn't the first time in recent memory that negative news about Treasuries has been snipped from a major wire service. It isn't disturbing to me that the government wants to minimize concern about the area where virtually all funding pressure is building in our economy. What is disturbing is that private wire services are pliantly censoring concern about these pressures, which are really just simple statements about supply and demand as pertains to Treasuries. Thank God for blogs...
Update 3: Yes, it happened -- here's a video record of Rep. Dan Burton reading out the shocking remarks on the floor of Congress.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.