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Market Transparency and the Emergency Economic Stabilization Act of 2008

This total scam called the Emergency Economic Stabilization Act of 2008 supposedly offers "market transparency."  How so?  Here is how:SEC. 114. MARKET TRANSPARENCY. (a) PRICING.?To facilitate market transparency, the Secretary shall 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, trade, or other disposition.So he'll tells us what he bought after he buys it?  We the taxpayers get no input.  It gets better:(b) DISCLOSURE.?For each type of financial institutions that sells troubled assets to the Secretary under this Act, the Secretary shall determine whether the public disclosure required for such financial institutions with respect to off-balance sheet transactions, derivatives instruments, contingent liabilities, and similar sources of potential exposure is adequate to provide to the public sufficient information as to the true financial position of the institutions...continue to full post

Full post as published by Crime & Federalism on September 29, 2008 (boomark / email).