Tuesday, October 21, 2008

It's just another raid on the treasury

One of the most informative short posts you'll read today: "Paulson censors compensation numbers on Bank of New York bailout contract, despite promises of "Transparency""

2 comments:

Clayton said...

I find this disturbing and predictable. I also note that while this will affect people ala indentured servitude, people are more interested in guessing the name of a possible biden bumpin ugly partner.

Anonymous said...

Could be standard contractual form - Fees are privileged, and UST doesn't want to breach a contract. But I have strong doubts. You would have thought fee earners would understand the need to be seen as whiter than white, sorry, cleaner than clean.

Harry