Despite pledges of transparency, the bailout remains opaque

Wednesday, December 24, 2008

Treasury and the Fed said they would be open about where the taxpayers' trillions of dollars are going. But two months into the bailout, we still don't know important details about the government's agreements with financial institutions. Newsweek's Daniel Gross tells The Takeaway what information is being kept under wraps, and why it matters.

"Who in Washington is going to stand up and get red in the face and scream about this?"
— Dan Gross on the secrecy of the bailout

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