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Levin Will Release TARP Contracts After All

There's been some confusion today over the question of whether Sen. Carl Levin intends to publicly release ten contracts, signed by the Treasury Department with banks receiving bailout funds, that Treasury has agreed to give him.

We just got the following statement from Levin's office:

Senator Levin intends to release the documents, consistent with Senate rules, after reviewing them for proprietary information.

So that clears that up.

But it leaves a larger, related confusion. As we reported earlier this afternoon, many of the firms that received bailout funds (including a number that appeared in Levin's list) have filed, with the SEC, the "Letters of Agreement" they signed with Treasury. These letters appear to be detailed contracts spelling out the terms of the transactions in question, and are publicly available on the SEC site.

We've asked Sen. Levin's office what additional information is included in the contracts he's referring to, and will keep you posted.


4 Comments

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My God, you realize you're committing journalism here and there could be repurcussions, right?

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Speaking of repercussions - really, testing, I am trying to reach you by telephone. Could you please call me? It really is important.

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Sorry, I put that on the wrong article !!

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"Senator Levin intends to release the documents, consistent with Senate rules, after reviewing them for proprietary information."

Don't be at all surprised if these documents are mostly proprietary information with the release of the remainder being inconsistent with Senate rules.

Levin promised absolutely nothing.

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