Lacking clear criteria, the process lacks crucial transparency, said Ross Levine, a professor of economics at Brown University. "It seems an essential part of the U.S. approach to government that we don't trust the angelic behavior of anybody." Full Story »
Posted by Kaizar Campwala
A somewhat outdated and mild overview of Treasury Secretary Henry Paulson's outrageous policies that keep secret from taxpayers how their money was allocated and to whom. Sources cited here--economics and business professors--are not exactly the requisite experts for a story like this. For that, you need journalism professors and constitutional attorneys who safeguard the public's rights via the First Amendment, demanding transparency and disclosure via the Freedom of Information Act, which Paulson has repeatedly circumvented.
Our country was founded on the idea of no taxation without representation. Over time that evolved into no expenditure of taxation without disclosure. Paulson has violated that tenet, creating all manner of conflicts of interest in his narrow view of the world as Wall Street. Watch who hires him when he leaves his post in a few weeks.