Treasury Blacks Out Key Parts of Bailout's Private Contracts

By David Sirota

Created 10/19/2008 - 9:49pm

Remember how Treasury Secretary Henry Paulson promised full transparency in spending the $700 billion bailout money? And remember how bailout opponents predicted that the failure to mandate such transparency would allow all sorts of Halliburton-style shenanigans? From the looks of the first private contracts issued by the Treasury Department, it looks like the bailout opponents were correct.