The good folks at PublicMarkup.org have placed the competing $700 billion mortgage bailout plans online to allow the public to read and comment on them while Congress considers its options in the midst of the greed-fueled nosedive of Wall Street.
Dry subject matter to be sure. But with an unprecedented nationalizing of the American mortgage industry, as finance experts have described it, a little “torch and pitchfork accountability” is a sorely needed public resource. But will taxpayers — who rarely read the fine print on anything short of a cereal box — rise to the challenge and demand a fair and equitable plan out of the credit crisis?
Public Markup is a project of the Sunlight Foundation, a Washington, D.C.-based government transparency group. In the interest of full disclosure, the Sunlight Foundation is a contributor to the Center for Independent Media, the parent organization of The Colorado Independent.