{"id":3353,"date":"2009-10-05T15:38:26","date_gmt":"2009-10-05T19:38:26","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3353"},"modified":"2009-11-05T12:33:16","modified_gmt":"2009-11-05T16:33:16","slug":"treasury-less-than-candid-with-bailout","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/05\/treasury-less-than-candid-with-bailout\/","title":{"rendered":"Treasury less than candid with bailout"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-3664\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/money.jpg\" alt=\"money\" width=\"229\" height=\"229\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/money.jpg 300w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/money-150x150.jpg 150w\" sizes=\"(max-width: 229px) 100vw, 229px\" \/>A <a title=\"report\" href=\"http:\/\/www.businessweek.com\/ap\/financialnews\/D9B4SLEG4.htm\" target=\"_blank\">report <\/a>from the inspector general overseeing the government&#8217;s bailout of the banking system says the Treasury Department was less than candid last fall about the health of the bailed-out banks.\u00a0 Visiting law Professor <a title=\"Elizabeth Nowicki\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/visiting\/nowicki_e.html\" target=\"_blank\">Elizabeth Nowicki<\/a>, a former SEC attorney and Wall Street lawyer, says such lack of transparancy is what caused a run on the banks decades ago.<\/p>\n<p><em>&#8220;It simply does not make good sense from the standpoint of shareholder and economic confidence for the Treasury Department &#8212; and any financial entity &#8212; to be anything less than completely honest, particularly in a time of banking turmoil and finance difficulty.&#8221;<\/em><\/p>\n<p>Contact Elizabeth Nowicki at <a href=\"mailto:enowicki@bu.edu\"><span style=\"text-decoration: underline\"><span style=\"color: #0000ff\">enowicki@bu.edu<\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report from the inspector general overseeing the government&#8217;s bailout of the banking system says the Treasury Department was less than candid last fall about the health of the bailed-out banks.\u00a0 Visiting law Professor Elizabeth Nowicki, a former SEC attorney and Wall Street lawyer, says such lack of transparancy is what caused a run on [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[113,1972,926],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3353"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3353"}],"version-history":[{"count":4,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3353\/revisions"}],"predecessor-version":[{"id":3357,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3353\/revisions\/3357"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}