The 60 Second Update

with Newt Gingrich

4. Why is true transparency so important?

Because the size and speed of the world markets has transcended the ability of both the Federal Reserve and the European Central Bank to cope with them.

To address this, we need fundamentally new rules of transparency for transactions that are international that come into the U.S. so we can have a clear understanding of how these markets operate. The goal should be to set standards and principles that are met all day every day in an Internet age so that the transparency allows people to protect themselves. 

This situation offers a perfect opportunity for the Congress to demonstrate that they are taking their constituents’ concerns seriously. If the Senate and the House would agree that whatever they're going to vote on next would be posted on the Internet, available to every American for 24 hours before they vote, along with every transaction involving this bailout and the past documentation involving Bear Stearns, AIG, Fannie Mae, and Freddie Mac; I think you’d see a dramatic rise in public confidence for whatever plan is adopted.

 Question 5. 3 key pro-growth reforms for the House bill