Wednesday, December 17, 2008

TARP won't reveal Legal Fees...this is ridiculous

So much of what is going on with the various bailouts can only be characterized as absurd. It sure would be nice if members of Congress could steal a few precious moments to actually OVERSEE what the hell is going on with these programs!!

Link
Once again, the contract that the Treasury Department posted on its web site conceals the hourly rate that the government is paying Thacher Proffitt's lawyers, and omits most other information about the financial terms of the deal.