Saturday, October 25, 2008

Great quotes...

"... Treasury is committed to an open and transparent program with appropriate oversight ..." - Neel Kashkari, Interim Assistant Secretary for Financial Stability, in remarks to the Institute of International Bankers, October 13th. (Part of the TARP...)

However, as shown by the links below, multiple documents released by Treasury have significant portions blacked out or redacted, for example the amount that will be paid to the Bank of New York Mellon to keep the books for the government’s purchase of toxic securities....

Blacked Out
The End of Bailout Transparency Already?
More bailout contracts contain blacked out portions
Why are Docs From the Bailout Being Redacted?