Secrets in the financial rescue plan test Obama's call for transparency

Davis, Charles N.
March 2009
IRE Journal;Spring2009, Vol. 32 Issue 2, p21
The author comments on U.S. President Barack Obama's call for transparency in relation to the financial rescue plan. He highlights political reality to disabuse delusions that Washington would enter a new era of openness. He emphasizes the secrecy of the Federal Reserve Bank that rivals the Pentagon despite the huge amount of taxpayer dollars it doles out. He believes that a system that is so opposed to transparency is bound to head the people and the country into disaster sooner or later.


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