WikiLeaks Plus Fed Disclosures Are Data Overload: Amity Shlaes
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The phrase information overload has taken on new meaning.
Last weekend WikiLeaks.org released about 250,000 classified U.S. State Department cables. Within days the collective American brain was challenged by another info-dump. On Wednesday, the Federal Reserve posted the details of more than 21,000 of its transactions with financial firms and other businesses during the financial crisis, in an unprecedented move required by the new Dodd-Frank law overhauling financial regulation.