2. David A. Kaplan of Fortune magazine, who teaches First Amendment law at New York University, says the press should stop whining: "From the government's perspective, lawlessness is a bad thing, and disclosure of secrets can endanger security.
In part this happened because the European Banking Authority is new — it came into existence on Jan . 1— and not sufficiently powerful relative to national bank supervisors, many of whom are stuck in an old mindset where transparency is bad and full disclosure of banks' balance sheets is scary.
He warned: "One bad decision around disclosure undoes the remarkable work that police officers do up and down the country.
Still, the eventual effects, whether good or bad, of a disclosure cannot always be predicted.
However, something bad happening after disclosure was statistically associated with adherence (corrected odds ratio [COR] 4.8 [95% CI 1.61 14.59]).
A stream of bad news, including disclosures of accounting irregularities, has poured out in recent weeks.
Most of the requests have a turn-around deadline, which is, Salgado told me recently, "the worst of all possible worlds" for his staff: "a high volume of these things with a deadline and the consequences of wrong disclosure are very bad"—bad, that is, for the users.
In order to prevent accidental disclosure of bad words, the programming team was nice enough to require users to type in entire bad words in order to see them ("fuck" not "fuc") – ensuring you can't just flick through and find them – but that's not nearly enough for Apple.
How can more disclosure be bad?
Unless rules on the disclosure of bad loans and the way that banks set aside reserves to cover them bear some relation to reality, capital measurements are meaningless.
