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TARP Oversight Panel Split Over Transparency, Budget DebatesBy Robert Schmidt, Bloomberg
Bloomberg,
August 5, 2009
McHenry, in an interview, called the decision to keep the meetings private “ridiculous and bizarre” and noted that even the Fed releases detailed minutes of its Federal Open Market Committee meetings three weeks later.
“The Federal Reserve makes more consequential and large decisions about our monetary policy than this board ever could,” he said.
The group Congress set up to shine light on the Treasury’s handling of the $700 billion financial system bailout is facing internal criticism about its own secrecy... ...McHenry, in an interview, called the decision to keep the meetings private “ridiculous and bizarre” and noted that even the Fed releases detailed minutes of its Federal Open Market Committee meetings three weeks later. “The Federal Reserve makes more consequential and large decisions about our monetary policy than this board ever could,” he said. |