Economic Crisis

  • Problem: What started as the Great Liquidity Crisis of 2008 has become the Great Economic Crisis of 2008. Now Act II of TARP in February 2009.
  • Goal: Generate new sources of public trust and confidence to unfreeze credit, stimulate collaborations, and encourage innovation.
  • Solution: Make transparency a part of every transaction using public money, not just the contracts, but the organizations and people involved in giving and getting the funds. Transparency is the key to trust and confidence, foundations of a healthy economy, and the greatest possible dividend from the use of public money.

From trust to a healthy economy through transparency

Full transparency "connects the dots" between bits of information into a whole pattern

Transparency for Trust in Economic Rescue Spending
Focus on inital Troubled Assets Recovery Program (TARP)

As the financial crisis of September-October, 2008,morphed into the whole-system economic crisis of October-December, the need for transparency in the use of $2-going-on-$3 trillion in "emergency" spending (equity and loans) has intensified.

“Trust, but verify” the “who” and “what” of resulting contracts

Transparency, “seeing is believing,” produces confidence over time

Confidence restores trust, the foundation of credit

Credit generates liquidity, which fuels economic growth

More trust enables more credit that enables more healthy growth

NOTE: OFS organizational data is only illustrative, drawing on Neel Kashkari Press Briefing of October 13, 2008 and subsequent EESA briefings. In particular we know more about the parts of OFS than the relationships that hold them together, so our links are especially illustrative

Illustrative information Current as of: December 2008


New numbers and more programs have led to reshaping the layer of the "Economic Rescue Network" on the OrgScope map of the U.S. federal government




© 2011 NetAge, Inc. On the web since 1994