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Transparency?

Does the Obama administration want transparency for their own administration, or just for the last one?

 
Anonymous

Asked by Anonymous at 4:29 PM on Apr. 21, 2009 in Politics & Current Events

This question is closed.
Answers (11)
  • Oh please, he's so busy pointing the finger backwards and telling us to look forward. His number one promise not kept from day one. Some knew, some 64 million didn't.
    Bush is gone, start concentrating on 2010 and what we can do to get A$$hole outta D.C.
    akinbottom2

    Answer by akinbottom2 at 7:35 PM on Apr. 21, 2009

  • I thought that concept had long been replaced by the current OPACITY that we're dealing with these days...didn't take very long, did it?! Like 7+ days! ::sigh::
    LoriKeet

    Answer by LoriKeet at 4:33 PM on Apr. 21, 2009

  • I think they realized if things were too transparent, the banks would fail faster. That's why Bush had banks take Tarp money even if they didn't need it. So people wouldn't stop using the ones that are on the verge of failing or starting bank runs.
    smalltowngal

    Answer by smalltowngal at 4:34 PM on Apr. 21, 2009

  • Good question, this has to do with releasing the torture documents, no?
    Anonymous

    Answer by Anonymous at 4:37 PM on Apr. 21, 2009

  • Good question, this has to do with releasing the torture documents, no?

    Oh, I was thinking about the bank transparency and how they realized it is a bit trickier than I think they originally thought.
    smalltowngal

    Answer by smalltowngal at 4:38 PM on Apr. 21, 2009

  • Well, since many of the businesses that HIRE people are FAILING, people are WITHDRAWING their money from banks, to keep afloat. Most of a bank's assets are "virtual" and are used to invest with and make the bank's stock go up (that's where our interest rate yields come from). If there is less money for a bank to "gamble" with, then there is less "net worth" and the banks will still FAIL. A band aid on a gaping wound isn't going to help much...neither is Obama's economic plan du jour!
    LoriKeet

    Answer by LoriKeet at 4:39 PM on Apr. 21, 2009

  • Don't forget quashing the worst case scenario projections and telling individual financial institutions they weren't allowed to release them individually, but had to wait until AFTER the government reviewed them all and gave the ok to release them at once.
    NotPanicking

    Answer by NotPanicking at 4:41 PM on Apr. 21, 2009

  • Oh, I still think some major banks are going to fail. I think they're just trying to make sure they don't fail as fast. They're still trying to do that soft landing they've been trying for the last 10 years.
    smalltowngal

    Answer by smalltowngal at 4:45 PM on Apr. 21, 2009

  • Both.
    heatherama

    Answer by heatherama at 4:51 PM on Apr. 21, 2009

  • Transparent as peanut butter.
    mancosmomma

    Answer by mancosmomma at 7:30 PM on Apr. 21, 2009

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