Now that the FBI is investigating Wall Street, Emperor Paulson's $700 billion bailout plan must include whistleblower protection
Yesterday, 40 organizations sent a letter to the Senate Banking, Housing and Urban Affairs Committee and the House Financial Services Committee urging members to include whistle-blower protection in the bailout legislation.
"At a minimum, any credible solution must address one of the current crisis' fundamental causes -- corruption and other abuses of power sustained by secrecy," the letter said. "Otherwise, the taxpayers could end up giving $700 billion more to repeat the same disasters. Congress must prove it has learned this lesson. Any genuine solution must be grounded in transparency, with all relevant records publicly available and best practice whistleblower protection for all employees connected with the new law."
The letter was signed by a variety of organizations from across the political spectrum. They include the American Library Association, the Union of Concerned Scientists, the Liberty Coalition, the Society of Professional Journalists, the Government Accountability Project and the Project on Government Oversight.
And if Paulson whines that it's a poison pill, then so much the better.