Transparency

So I came across this great new website BailoutSleuth.com that is seeking to add transparency to the bailout program. They are and will be tracking the government's $700 billion rescue plan. This site will monitor the government's purchase, and eventual sale, of bad mortgages and other distressed assets. Analyzing deals and providing information about the companies and people involved in them. They will be looking at whether banks that got billions in government bailout money are using some of it to pay executive year-end bonuses and whether the banks that received taxpayer money will be using it to make loans and ease the credit crunch, like they are suppose to.

Bailoutsleuth will be keeping up with how our tax dollars are spent and the people and companies that are impacted by this program and will be keeping an eye out for favoritism, political influence or anything else that could undermine the potential returns to taxpayers.

And although the investment program is only a few weeks old, BailoutSleuth has already uncovered government and corporate shenanigans, "none of the companies that have signed on for federal bailout money have announced plans to slash salaries and bonuses, or to substantially overhaul their executive compensation schemes"...