Thursday, January 15, 2009

New Transparency at Treasury Regarding the Government Banking Stake

This should be an interesting document once it becomes available on the web.

Summers said the Treasury would make public its investments in every company, the “quantity and strike price of warrants received” and the schedule of payments the government would receive. All the information would be posted on the department’s Web site.

You could seriously use this document to figure out what money went where and how bad each of the companies are doing. It would be a nice historical document to see how much the Treasury will make once these stocks start to go back up in the future. It would also be interesting to see how good a sweetheart deal that the Treasury got for investing our money.

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