HolyCoast: More Transparency Please?
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Thursday, October 22, 2009

More Transparency Please?

Yesterday I had the story about Obama's "Pay Master" Kenneth Feinberg who will be slashing the pay and bonuses for those future former executives of companies taken over by the government. I have to think those execs will be bailing out of there as quickly as they can, leaving those crippled companies even further crippled.

The most transparent administration in history will have a press conference featuring Feinberg and CBS' Mark Knoller says there won't be as much transparency as you might expect (from his Twitter feed):
Neglected to mention: you won't see or hear pay czar Ken Feinberg's news conference today. THERE"S NO TV OR RADIO COVERAGE PERMITTED.

A lame excuse from the Treasury Dept on why no TV or Radio coverage of pay czar Ken Feinberg's news conf on top corporate pay cuts.

A Treasury spokeswoman says a large volume of documents will be release and Feinbergy needs time to explain it to reporters. Duh.
Hope. Change.

For those that may not know this, Feinberg was also the guy who was appointed by Bush to administer the billions in dollars that were given to the victims of the 9/11 attacks. He, and pretty much he alone, determined what each life was worth and how much money should be granted to each family.

According to this report he's still acting alone.

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