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Law Practice

May 13, 2009

BERG: Settling the Mortgage Mess Isn't Transparent to State Officials

Banks and government officials continue to do the public's business in secret, columnist Martin Berg finds.

"Publicity is justly commended as a remedy for social and industrial diseases," wrote future U.S. Supreme Court Justice Louis Brandeis. "Sunlight is said to be the best of disinfectants; electric light the most efficient policeman."

Brandeis was writing at the height of the Great Depression. You have to wonder what he would have made of the current financial crisis. One of its strongest underlying themes has been the lack of transparency, from its roots in the off the b...

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