What’s the big secret?

So, the Treasury Department, under the threat of subpoena, finally agrees to release the contracts for institutions that are receiving bailout money or TARP funds to a senate subcommittee (link). But, Carl Levinson, the chairman of the Senate subcommittee on investigations, has made it known that he doesn’t plan on exposing them to the public but has yet to give a reason. Considering that the TARP program was meant to stimulate the financial sector and encourage increased lending, which hasn’t been happening, I do believe that it makes sense for the public to be aware of the conditions that these institutions are supposed to be held to.

See also TPM Muckracker.


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