Treasury Blacks Out Key Parts of Private Bailout Contracts, page 1
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Topic started on 22-10-2008 @ 11:46 AM by ProfEmeritus
www.huffingtonpost.com...

Remember how Treasury Secretary Henry Paulson promised full transparency in spending the $700 billion bailout money? And remember how bailout opponents predicted that the failure to mandate such transparency would allow all sorts of Halliburton-style shenanigans? From the looks of the first private contracts issued by the Treasury Department, it looks like the bailout opponents were correct.

As flagged by BailoutSleuth.com, Paulson is blacking out the sections of government contracts that spell out how much private firms will be paid for their services in administering taxpayer money. Here's a page from the compensation part of a contract with Bank of New York, which has been hired to do some of the bookkeeping (because, of course, the Bush administration is happy to privatize that function):





reply posted on 22-10-2008 @ 11:53 AM by Dock6
reply to post by ProfEmeritus




Obviously, despite their arrogance and propaganda in various fora about how they rule the world and about how the unwashed masses are powerless to act in their own interests .... the powers that be (aka 'scum') are TERRIFIED of The People

And are hoping The People NEVER realise their power to drag the powers that be (aka 'scum') out onto the streets and into a river of spit.


reply posted on 22-10-2008 @ 12:02 PM by Dock6
reply to post by ProfEmeritus




Lol. I just deleted a post suggesting just that !

Needless to say I agree with you and the concept


reply posted on 22-10-2008 @ 12:15 PM by Dock6
reply to post by dgtempe




Yes .. torches and pitchforks


and a whole lot more


It must have been glorious watching those arrogant, corrupt heads rolling from the chopping block and into the baskets, back in the day


Oh well .. history repeats


reply posted on 22-10-2008 @ 03:35 PM by marg6043
reply to post by Jkd Up



Remember the iraq, missing funds, and that was with "congress watch" now with oversight, we will never be able to tab the "missing funds" that will be stolen away from the tax payer.



[edit on 22-10-2008 by marg6043]


reply posted on 22-10-2008 @ 04:54 PM by Ign0rant
reply to post by marg6043



I don't understand why no one is doing anything about this. Our senators are standing by letting this happen...

It seems that this government could get away with anything and all we just do is sit on the side lines complaining. Argh gets me so angry that they have no one to answer to and do as they wish.

-Ign0rAnT
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