Show Me the Money
December 21, 2008 – 10:25 pmFor now, Treasury is being transparently arrogant regarding the government’s $125B injection into nine banks. Essentially, Treasury is saying they will tell us what they’re doing with our money when they want to.
This morning, Treasury Department Undersecretary Anthony Ryan, speaking at a conference for the securities industry that we attended, finally clarified when the department would be disclosing its investments. Within two days after the payment for the bank is authorized, he said, the Treasury will post the name of the banks and the amount of the investment on its web site.
A report called a transaction report can be seen here.
<>
1 Trackback(s)