Transparency? In The Bush Administration?
Caculated Risk asks this question:
Why isn’t the entire process transparent? There are no national security issues, so Treasury could provide an online site that listed each transaction purchased by the government. This could be updated daily and list the details of the asset, the PAR value, the selling institution, the underlying characteristics, the originators of the loans, the price the government paid (and eventually sold the asset for) and any other relevant detail. This transparency would help with pricing and oversight.
Somebody wake me up when we get an answer.
