The Treasury and Commerce departments waste as much as $100 billion a year..

Bloomberg.com

While taxpayers and lawmakers fret about the $700 billion bank bailout, the Treasury and Commerce departments are among a list of agencies that waste as much as $100 billion a year on contracts, often managed in secret.

TIME BOMB: Banks brace for derivatives 'big bang'

Money.cnn.com: Treasury Secretary Tim Geithner has called for putting the market, currently an "over-the-counter" affair that consists of private contracts between traders, on the same footing as the markets for stocks and commodities, in which parties trade with a central counterparty or exchange.