31 Oct

Bailout Head Neel Kashkari Wants Transparency (Except When He Doesn’t)

It’s been widely reported that Neel Kashkari, Goldman Sachs alum and head of the $700 billion bailout, has said he wants transparency in administering the whole process. He is quoted as saying:

“Consistent with Congress’ intent, we are committed to transparency and oversight in all aspects of the program and have already taken several important steps in this area…”

Yet I have to wonder how transparent he really wants things to be when large contracts related to oversight and administration are being released to the public with redacted information. How is that transparent, if we can’t even see who is involved with overseeing the bailout and what they’re being paid? Read More