August 14th, 2009
09:07 AM ET
5 years ago

How Obama's transparency promise holds up

NEW YORK (CNNMoney.com) – The Obama administration pledged unprecedented transparency in its accounting of the $700 billion bank and auto bailouts (TARP) and the $787.2 billion Recovery Act. A lot of information has been made public but there are some key details where the transparency falls far short.

Here's what we still don't know:
1. How are banks using TARP funds?
2. Who are bailed out banks lending to?
3. What is the value of the assets that Treasury has accumulated as a result of TARP?
4. Where are stimulus funds ultimately going?

They're important questions: We want the government to ensure it is spending our money wisely, and experts want to know why the Obama administration won't provide the answers.

Full Story


Filed under: President Obama
soundoff (55 Responses)
  1. tate

    The first problem is thinking this community organizer would be honest about anything. He is a racist and the only thing he has been honest about is his hate for police, Drs., business and military. He does love him some dictators!!!!!!!!!!

    August 14, 2009 10:47 am at 10:47 am |
  2. Rob

    Saying that the Obama's transparency promise is working is like calling Nancy Pelosi a caring person who puts the needs of the American citizens before her own personal gains.

    For all you libs out there, that means that it isn't anything resembling transparent.

    August 14, 2009 10:49 am at 10:49 am |
  3. Belinda Dewrell

    I for one can see right through the transparent Obama: He is a communist.

    August 14, 2009 10:52 am at 10:52 am |
  4. Greg in MO

    He also is not telling us what North Korea got in return for releasing those reporters.

    August 14, 2009 11:01 am at 11:01 am |
  5. Jeff in Virginia

    Where were articles like this under the Bush regime?

    August 14, 2009 11:06 am at 11:06 am |
1 2 3