How Will Treasury Pick The Banks To Save? Just Trust Them

Our friends at ProPublica, the new investigative journalism project, have posted a fascinating article about how the Treasury department will pick which banks to save.

Turns out: we have NO IDEA. There is surprisingly little guidance over exactly what criteria Treasury will use to select banks to receive billions of taxpayer dollars.

I find it interesting that the author, Paul Kiel, found conservative economists and banking officials as upset and confused as anybody about this lack of transparency.

They were nice to thank me and Planet Money for offering some guidance on the story. We like those guys and are always happy to help.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.