March 31, 2009
11:25 AM EDT
11:25 AM EDT
The Treasury Department has just launched FinancialStability.gov, a website dedicated to bringing transparency and clarity to the immensely complex problems in the financial system and the President’s plans to address them.
The Huffington Post describes some of the site's features:
The site, FinancialStability.gov, includes a bevy of data, charts, contracts and other Treasury-related information. Of particular pride to its designers, the site includes an interactive map of the country that shows which state's banks have received what amount of money through the Capital Purchase Program (a part of the TARP). Localizing the program even further: a simple click of a particular state provides a list of when that transaction took place and how much was paid for specific assets. As for March 2009, banks in 48 states had received investments "ranging from as small as about $301,000 to as large as $25 billion." The two states left out: Montana and New Mexico.
For the more dogged watchdogs, the site also links to the physical contract signed by each institution and the Treasury and a published list of bank lending surveys, which, the site's designers say, will become "a much more robust way to track bank lending."
Hoping to make the text a bit easier to navigate, the site's creators included a list of economic data charts and a "Decoder" section -- "a brief list of frequently used terms and acronyms that you may find throughout FinancialStability.gov" - as well as a list of the specific programs being overseen by Treasury.