You wanted Transparency? Geithner posts all the Bailout Contracts online

[Thrill]

http://www.treas.gov/initiatives/eesa/agreements/index.shtml

[Uzybone]

1. This cannot be right

no secret no-bid contracts? What is happening to our government?

[Shiver]

5. Its becoming... accountable a-a-and open

I-I'm scared. Someone hold me...

[martymar64]

7. Perestroika comes to Amerika!

Harasho!

[RayOfHope]

10. I'll hold you, Shiver.

(I changed my username).

:hug:

Seriously though, there are wondrous things happening in DC! I can hardly believe its our government!

[Shiver]

12. I remember you!

:hug:

I saw the username change :D

[blueclown]

2. I wasn't very warm about Geithner's nomination.

But if this type of transparency is a sign of what to come, I'll support him 100%.

[w4rma]

9. I'm pleasantly impressed. He may do a good job here. (nt)

[northernlights]

3. wow

Just wow.

Government of the people, by the people...FOR the people! Maybe we should add, and Accountability To the people. Dam those treasonous, murika-hating, constitution-hating dems. :rofl:

[acmavm]

4. Crapola! The AIG document is 526 pages long. Can't these friggin'

people just cut to the chase?

[Posteritatis]

8. A lot of the chase being cut to there might be loophole hunting (nt)

[acmavm]

13. I bet I could tell those people in two pages why they were getting the money

and what they could do with it. And I would use the word 'only'.

This is just crap to wear down the American public. Seriously, this is the PERFECT EXAMPLE of how they've taken the government, the laws, and the courts away from the American people and handed it to the few.

edit: the reason people came here was to get away from shennanigans like this, i.e. the Star Chamber. Now they've got it so tangled up in legalese and little hidden rules and regs that you practically have to have an attorney for traffic court.

[Thrill]

14. And if they cut it short. People would claim they are hiding something

[acmavm]

15. Probably not if it was in plain English. We're not that fucking stupid.

[Thrill]

17. 60 million voted for Bush the SECOND time

enough said

[acmavm]

22. How many voted for Obama? Your point it?

[avaistheone1]

28. Why not have an executive summary which provides a reasonable overview

included with the 500 plus pages?

It does have to be either/or.

[Posteritatis]

16. And I bet any halfway-competent lawyer could dodge your "only" in an hour or so

Each of the companies getting assistance from the government only has entire battalions of people whose goal is to seek out and take advantage of loopholes.

A lengthly, specific contract as a condition of a corporation getting billions of government dollars is not a violation of your rights or a conspiracy to do same. Me, I'm quite happy with them having a giant, specific tome saying what they can and can't do and how they can and can't do it. Seriously, comparing admittedly-complex legal documents with the bloody Star Chamber is just hyperbole.

[acmavm]

23. No, it's not. This is the kind of shit that's put us where we are today. The

government belongs to the people, and we've been shut out by shysters and what has become a professional class of politicians. At one time political office, or at least participation in political life was what Americans naturally felt obligated to do. Now, we have a class of people who do nothing else and they feel that they can vote they way THEY want to vote, not taking their constituents wants into consideration at all.

It's all smoke and mirrors.

[Coexist]

6. did I really just subscribe to get updates on the bailout?

man, that was cool

[Muttocracy]

21. I was staring at that and had to come look here to make sure I wasn't seeing things! nt

[hamsterjill]

11. Sunlight is the greatest disinfectant

This should get some people squirming in their CEO chairs!!!

[high density]

18. BUT WHAT ABOUT HIS TAXES???

:evilgrin:

[Generator]

20. He had me at TurboTax

Mano of the peeps.

[dcindian]

25. Just another shit post trying to stir things up.

The man did wrong that is plain and simple. What is being done here you have no idea if it was his choice or Obama.

[anonymous171]

19. Holy shit! This is awesome. Even if he does sell us out,

we will at least have full documentation of it! YEAH FOR TRANSPARENCY!

[dcindian]

24. This is very smart. Since the government cannot seem to hold the bank suit and ties accountable

I bet the people sure will. I for one will not bank with anyone who takes our money and gives out bonuses.


It is time to get a good breakdown for the people on this: We need to know how much and what the bonus is for the criminals in charge at each one of these banks. Get the list up and start writing letters to let these banks know change or go elsewhere for business.

[auburngrad82]

26. Very cool nt

[NoSheep]

27. How do we know the list is accurate? Is anyone going to check the math?

really...Now I love our new administration but just because a list of things is put on a website doesn't mean it is accurate or complete.

[alcibiades_mystery]

29. Jesus Christ

Headsmack.

Why don't you do everybody a favor by reading the TARP Legislation and checking the math your goddamn self. The whole point of transparency is that ANYONE can see it. Stop your fucking whining and do something about it if you don't like it.

[Shakespeare]

32. *applause*

What you said.

[Uncle Joe]

30. So, do you prefer the Cheney/Bush method of disclosure?

I only see two alternatives, post the information or don't post it but if you know of a third way, please share it with us.

By posting it, anyone can check the math, so if you truly love the administration, giving them credit for their transparency would seem to be a logical extension.

[Life Long Dem]

31. That's "want" transparency. But thanks for your concern.

It will be heard by many.

[slipslidingaway]

33. Not everything...

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alINrCmj3dgU

"...New Disclosures

Late yesterday, Geithner’s office put hundreds of pages about the fund on the department’s Web site. They did not include documents describing the guaranteed assets.

Last fall, the Federal Reserve declined to identify the recipients of about $2 trillion in emergency loans from U.S. taxpayers or the assets the central bank is accepting as collateral.

Fed Is Sued

Bloomberg News asked for details of the lending on May 21 and filed a federal lawsuit against the Fed Nov. 7 seeking to force disclosure. The loans were made under the terms of what became 11 programs in the midst of the biggest financial crisis since the Great Depression. Arguments in the suit may be heard by a judge as soon as next month, according to the court docket.

Bloomberg filed a FOIA request yesterday for the list of what was covered by the Citigroup and Bank of America guarantees. Bloomberg asked for records on the fees paid by banks to the government, which securities were rejected for guarantees, as well as any contracts for data services and experts to assess the value of the securities..."