Sen. Carl Levin’s Permanent Subcommittee on Investigations, which has examined the financial meltdown and JPMorgan’s “London Whale” debacle, is being urged to launch a probe into Bloomberg’s snooping scandal, The New York Post reports.
Mark De Cambre and Kaja Whitehouse report, “At least one federal official has recommended that the powerful committee take the lead on investigating the extent of Bloomberg’s spying on Wall Street and government clients through its ubiquitous data terminals.
“The privately held news and information giant falls outside of the scope of most financial regulators, noted one source.
“Bloomberg has admitted that some reporters used the terminals to monitor when clients were signed into the service and what functions they were using.
“Besides Goldman Sachs, JPMorgan Chase and other big banks, officials at the Fed and the US Treasury have also expressed concerns that they were being monitored.”
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