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Week of February 8, 2009 - February 14, 2009

Transparency M.I.A.?


....Speaking of new steps Treasury Secretary Timothy Geithner plans to announce later Tuesday, White House press secretary Robert Gibbs said flatly: "It'll be more transparent."....He appeared Tuesday morning on ABC's "Good Morning America," NBC's "Today" show and CBS's "The Early Show."

from "Obama spokesman Gibbs pledges more 'transparency' in government bailout plan for banks," AP, Feb. 10, 6:29 am CST

....it doesn't come clean to the American public about how the losses from the financial meltdown will be divvied up. In an effort to come up with a politically appealing plan, President Barack Obama and his team obscured the answer to the most important question: Who loses?....

from "What's Missing in Geithner's Bank Plan."
"The Obama Administration's Financial Stability Plan isn't a clean break with the past, because it doesn't spell out clearly who will lose"
By Peter Coy, Business Week, 5:58pm ET

It appears Gibbs meant they'll be transparent after they do things? What does "transparent" mean, anyways?

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