By information I mean more than just facts; I mean the informed analyses of the facts that help us understand the true financial condition of the distressed firms and markets and the potential for broader effects.
For example, if a major financial institution is facing serious problems, we need to know its most important on- and off-balance-sheet activities, its key lines of business, its most important counterparties, its most important market activities, and its net worth as well as how close it is to failure.