Sunday, May 10, 2009

How to Make the Stimulus Package Less Opaque

Here are a few basic ideas:

  1. All the names of the beneficiaries should be published as well as a snapshot of their financials (including past profits and gross margin, dividend policy, top management's salaries and other perks over a five year period)
  2. Summary of the reasons why taxpayers' money was dished out to them
  3. The names and resumes of the independent financial analysts involved should be made public
  4. The parameters that are going to be monitored have to be available and the circumstances under which the state will pull out
  5. The government auditor should evaluate the program on a monthly basis and its report should be placed on the net
That's a start of course.

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