Hiding Under the TARP

The Treasury Department has been writing checks to banks for a couple weeks now. And although the law that created the Troubled Asset Relief Program (TARP) mandates the Secretary to "make available to the public, in electronic form, a description, amounts, and pricing of assets acquired under this Act, within 2 business days of purchase," the Treasury Dept. has yet to publish such information.

However, ProPublica is using media reports to track Treasury's purchases of financial institution stock under TARP's Capital Purchase Program.

It's great that ProPublica is providing this service, but they shouldn't have to be. The government should already be doing this. How hard could it be to put a spreadsheet up on website?

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