• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

transoerency-NOT

Lonecowboy

Well-known member
On April 15, tax day, most Americans feel a little violated as the government peeps into their most private affairs to see what's taxable. The Obama administration views such transparency as a one-way street.

Government secrecy has become the norm under this administration, particularly when it comes to the financial bailout. Exhibit A is a gag order preventing banks from divulging how they performed on the Treasury Department's financial "stress tests." These tests were instituted Feb. 25 to gauge the liquidity of the country's 19 biggest banks and determine whether they could survive another dramatic economic downturn. Federal officials told the bankers to keep mum about how stressed out the tests say their institutions are.

Thus far, the U.S. government has spent, lent or committed $12.8 trillion to the financial rescue. That tab works out to $42,667 per person, or $130,600 per tax filer. It is almost as much as an entire year's worth of gross domestic product, which last year was $14 trillion. The government refuses to inform the public - or even Congress - where all the money is going. At a Senate Finance Committee hearing March 31, Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP), admitted that he couldn't tell senators where the nearly $3 trillion already spent on bailouts went. The Obama administration's gag order on banks is part of its practice of keeping Americans in the dark about what their government isWith trillions of their dollars being thrown to the wind, taxpayers have a legitimate interest in knowing how it is being spent, or misspent. Mr. Obama repeatedly promised greater transparency in his administration, but these sweet nothings fly in the face of how oversight agencies are performing on his watch. The public wants to know what Treasury is doing. To be fair, it's possible that Mr. Obama has no idea, either. doing with trillions of their hard-earned dollarshttp://washingtontimes.com/news/2009/apr/15/obama39s-code-of-secrecy/
 

hypocritexposer

Well-known member
They will need to eventually release some sort of "stress tests" on these banks. Since the Treasury brought these "stress tests" up, people will now want to see them!

If not, they run the risk of rumors and false accusations impacting an individual bank's shareholders and investment.
 
A

Anonymous

Guest
Funny how the author screams about Obama-- when it was actually GW Bush and his Treasury Secretary Paulson that doled out all the Bush Bailout (TARP) money without any requirements that the Banks/Financial Institutions had to keep track of how it was spent or had to report how it was spent... :???:
 

Sandhusker

Well-known member
Oldtimer said:
Funny how the author screams about Obama-- when it was actually GW Bush and his Treasury Secretary Paulson that doled out all the Bush Bailout (TARP) money without any requirements that the Banks/Financial Institutions had to keep track of how it was spent or had to report how it was spent... :???:

The rest of the story that you're either leaving out or don't know about is that several consevative repesentatives tried to put in those accountability requirements, but Nazi Pelosi would't even allow it to be considered.
 
A

Anonymous

Guest
hypocritexposer said:
OT, how much was that bailout in 2008?

$700 Billion authorized in TARP-- Godzillions $ more maybe in Federal Reserve promises.....Who knows?
 

Lonecowboy

Well-known member
Oldtimer said:
Funny how the author screams about Obama-- when it was actually GW Bush and his Treasury Secretary Paulson that doled out all the Bush Bailout (TARP) money without any requirements that the Banks/Financial Institutions had to keep track of how it was spent or had to report how it was spent... :???:

what part of "The Obama administration's gag order on banks is part of its practice of keeping Americans in the dark " didn't you understand??

this isn't Bush, this is obama doing this now.
two wrongs don't make a right!
 
A

Anonymous

Guest
Lonecowboy said:
Oldtimer said:
Funny how the author screams about Obama-- when it was actually GW Bush and his Treasury Secretary Paulson that doled out all the Bush Bailout (TARP) money without any requirements that the Banks/Financial Institutions had to keep track of how it was spent or had to report how it was spent... :???:

what part of "The Obama administration's gag order on banks is part of its practice of keeping Americans in the dark " didn't you understand??

this isn't Bush, this is obama doing this now.
two wrongs don't make a right!

If we hadn't had Bush we wouldn't have any of these wrongs...
 

Sandhusker

Well-known member
Oldtimer said:
Lonecowboy said:
Oldtimer said:
Funny how the author screams about Obama-- when it was actually GW Bush and his Treasury Secretary Paulson that doled out all the Bush Bailout (TARP) money without any requirements that the Banks/Financial Institutions had to keep track of how it was spent or had to report how it was spent... :???:

what part of "The Obama administration's gag order on banks is part of its practice of keeping Americans in the dark " didn't you understand??

this isn't Bush, this is obama doing this now.
two wrongs don't make a right!

If we hadn't had Bush we wouldn't have any of these wrongs...

Weren't we promised "Change"?
 

loomixguy

Well-known member
Oldtimer said:
If we hadn't had Bush we wouldn't have any of these wrongs...

You just get dumber and dumber every day, AT.

If you think there would have been no wrongs or problems under Algore or John Kerrey, you are under the influence of Alzheimer's worse than many here already suspect. :roll: :roll: :roll:
 
Top