Comment on this Article

You are here: Home : Article : Comment on this Article

Cheered by Obama Talk, CFOs Still Fret Lack of Detail In one small sampling of finance executives today, CFO.com finds some angst over the president's vagueness on key points.

Sarah Johnson, CFO.com | US
February 25, 2009

Full Disclosure Is Needed: Do you think your bank would give you or your business a loan with without full disclosure on your part. How much money do you need? What do you need it for? What can you give as collateral? How are you going to pay it back? The bank would want complete and honest answers to these questions besides checking to see if you are credit worthy. So why do we let our government, give away our money, without giving us answers to these questions? The stakes are MUCH HIGHER than a bank loan to a small business. We are talking about mortgaging the future of our children and grand-children. Instead of doing only the things that are needed by government to stimulate and encourage businesses to hire people, which is the only proven way to get out of an economic downturn, our government is spending and giving away HUGE amounts of money without giving our own elected representatives the right to read and debate these bills before a vote is required. Obama is violating his own campaign promise of full disclosure to us. What's next?; Posted by Douglas Shearer | Mar 2, 2009 3:24 PM ET