Behold the Bank of New York Mellon contract - BailoutSleuth
Notable for content, reporting, tenaciousness and geek cred reengineering URLs.For five months, BailoutSleuth has been waiting for the Treasury Department to provide a complete, unredacted copy of its services agreement with Bank of New York Mellon, the master custodian for the $700 billion Troubled Asset Relief Program.
We finally located one, on a web site that the Treasury Department set up to post copies of its investment contracts with banks, its loan deals with auto makers and other TARP-related documents.
Although the link to the Bank of New York Mellon contract didn’t work, we deleted some extraneous elements from the web address and were able to access the document.
The contract reveals information that was blacked out in an earlier version that the Treasury Department made public when it hired the company in October. That version obscured all details of Bank of New York Mellon’s compensation, marking an inauspicious start to the Treasury Department’s pledge of transparency.
