Congress is moving rapidly to enact a gigantic taxpayer bailout of the financial sector, with a potential cost of $700 billion or more than $2,000 per American citizen. We believe, as Justice Brandeis said, that “Sunlight is the best of disinfectants,” and that all legislation ought to be open to public comment and consideration in real-time, not just after the fact.

So, as a public service, Sunlight is posting the proposals that are receiving the most attention by Congress and the Administration - and by you, the people. We invite you to review the bills and share your feedback. Just as you helped us write our model transparency bill you can share your knowledge online and show Congress what you really want to see in this vital legislation.

As we ponder the significance of the Internet this One Web Day, what better way to show how we can use this awesome medium for positive change by ending secret legislation in Washington?

3 Comments

Mortgage giant Freddie Mac, a recent recipient of a federal bailout, will not throw a party during the Democratic nominatin convention in Denver. When I’m broke I can’t go to a party, let alone throw one for a bunch of lobbyists and politicos. So I understand.

Freddie Mac might be saving some money and face in this decision, but they’ve been happily doling out money to committees that provide oversight over the mortgage industry. Below is a chart of Freddie Mac’s PAC contributions to active members of the House. Financial Services Committee members are highlighted: (more…)

0 Comments