Wednesday, October 27, 2010

Power and money produces self-interested corruption

Buried Treasuries - By Daniel Foster - The Corner - National Review Online By Daniel Foster


Check out this remarkable paragraph from J.P. Friere (emphasis in original):

Officials at the Treasury Department’s Office of Financial Stability contracted with a small consulting firm that has given nearly $25,000 to Democratic candidates since 2005 (and no money to Republicans) to hire “Freedom of Information Act (FOIA) Analysts to support the Disclosure Services, Privacy and Treasury Records.” The firm is currently advertising a job opening for a FOIA analyst with experience in the “Use of FOIA/PA exemptions to withhold information from release to the public” (emphasis mine, and if that link goes down, The Examiner has kept a copy for its records).Read more at the Washington Examiner:

More here. This on the heels of a 388-page report from TARP inspector general Neil Barofsky that called Tim Geithner and Treasury “hopelessly out of touch” and “cynical” in their administration of TARP lending and President Obama’s mortgage modification program, eschewing “the value of transparency,” while offering “cruel. . . false hope” to homeowners and “increas[ing] moral hazard and concentration in the financial industry.”

http://www.nationalreview.com/corner/250971/buried-treasuries-daniel-foster

No comments:

Post a Comment