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.