Has anyone in this forum reviewed what transpired

[KewlKat]

in a conference call last night with the Treasury? I've posted a link to some of the key points that was heard. The audio of it is on youtube, in 5 parts, tho I don't think there was any conversation in the last part.

http://www.nakedcapitalism.com/2008/09/mussolini-style-corporatism-in-action.html

FROM THE SITE:

Various readers wrote us, and it was confirmed by a detailed report on the call at DealBreaker, that the Treasury Department held a conference call this evening for analysts on the bailout bill. A memo was evidently sent to SIFMA members; others may have been contacted by other means. But the report I got from one person who was on the call was the the questions came from financial services industry members. In other words, this was most assuredly not intended to be a call open to the public at large. If anyone from the media or other member of the great unwashed was listening in, it was by accident.



I would be interested to hear from folks here what their thoughts are on this. Is this anything to be alarmed about? or normal given the situation we are in.

thanks

[willing dwarf]

1. Informative reading

It sounds like the commenters at the website you referenced see the 7 billion as being just a band-aid and because of the way the bill is written, this hole in the sky is going to suck out more like 7 trillion. Ross Perot's giant sucking sound is no longer just jobs, but more like our economy and our very innards being sucked our to make good the CDS debacle.

I always wondered with horror what it was like to be on one of those medieval racks where they twist your intestines out from the center -- I think we're begining to find out.

As for the question of a conference call and open gove't -- I share your questions. But secret meetings and closed door meetings are the hallmarks of our new gov't for the few.