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Pete Sessions Is Going to Get Primaried Eye on 2010 - Texas Rep. Sessions Draws Primary Challenger
redstate.com — I am not really advocating we throw Pete Sessions out of Congress, just the NRCC. Nonetheless, I think it is hiliarous that he is going to get primaried by a corporate financial analyst. The disgraceful conduct of the Sessions’ led NRCC up in ... (more) Pete Sessions Is Going to Get Primaried Eye on 2010 - ...
Sympathy for the Treasury
interfluidity.com — It worked! Officials pointed to a lot of good news in terms of visible cash flows associated with TARP and the various assistance programs. They claimed that since the Obama administration has taken office, more money has come back than has been put ... (more) Sympathy for the Treasury
Note to Mike Huckabee
redstate.com — Mike Huckabee is daning around New York 23 and looks extremely silly. He won’t endorse in the race. It is very conspicuous. I know, in fact, that he will not endorse because Club for Growth and Fred Thompson were there first and his ego ... (more) Note to Mike Huckabee
Bill Owens for Congress
billowensforcongress.com — Bill Owens on Health Care Reform Bill Owens is committed to health care reform. He understands that we need reform for the millions of Americans who don't have affordable health care, as well as for those who have inadequate care or live in fear that ... (more) Bill Owens for Congress
Geithner rejects $1 trillion limit on bailout power
thehill.com — In my questioning of Treasury Secretary Timothy Geithner before the Financial Services Committee on Wednesday, I focused on the new bailout authority included in the 618-page legislative proposal submitted by the Treasury Department. In my opinion, ... (more) Geithner rejects $1 trillion limit on bailout power
Michael W. McConnell: The Pay Czar Is Unconstitutional
online.wsj.com — MICHAEL W. MCCONNELL Last week's announcement that "Pay Czar" Kenneth Feinberg slashed compensation for executives at seven large financial firms by an average of 50% stunned Wall Street, stoked the fires of populist resentment, and troubled ... (more) Michael W. McConnell: The Pay Czar Is Unconstitutional
Spitzer: Don't Let The Feds, Banking Lobby Handcuff State Regulators (VIDEO)
huffingtonpost.com — The House Financial Services Committee will vote today on whether to establish a Consumer Financial Protection Agency. Former New York Governor, and Attorney General, Eliot Spitzer warned that while this new federal agency is important, it must not ... (more) Spitzer: Don't Let The Feds, Banking Lobby Handcuff ...
Is a Pay Czar constitutional?
faustasblog.com — Those of us who are asking whether a “czar”, who is not under Congressional oversight, is allowed under the Constitution to set wages in private industry have an answer by Michael McConnell: The Pay Czar Is Unconstitutional Kenneth Feinberg hasn’t been confirmed by the U.S. ... (more) Is a Pay Czar constitutional?
Cavuto Asks If This “Is Now The Bush Recovery”
Cavuto Asks If This “Is Now The Bush Recovery”
newshounds.us — Guest blogged by Brian The opening segment of yesterday’s Your World (10/15/09) focused on the Dow reaching 10,000. Neil Cavuto asked, "What was once the Bush recession is now the Bush recovery? Or is it a bit of a stretch? Jim Lacamp says give ... (more) Cavuto Asks If This “Is Now The Bush Recovery”
Treasury Inc. cont’d: Does Citi make cheaper loans in Battleground States?
volokh.com — We have been discussing my new paper, Treasury Inc.: How the Bailout Reshapes Corporate Theory and Practice , which you can download here . In my last post I made the case that the government is a control shareholder in many of the banks and ... (more) Treasury Inc. cont’d: Does Citi make cheaper loans in ...
U.S. to Boost Small-Business Loans
online.wsj.com — Obama is set to announce initiatives aimed at boosting credit to small businesses, including measures to make it easier for small banks to access TARP. (more) U.S. to Boost Small-Business Loans
U.S. bailout program increased moral hazard: watchdog
reuters.com — WASHINGTON (Reuters) - The U.S. government's $700 billion financial bailout program has increased moral hazard in the markets by infusing capital into banks that caused the financial crisis, a watchdog for the program said on Wednesday. The special ... (more) U.S. bailout program increased moral hazard: watchdog
Watchdog excoriates execution of TARP
Watchdog excoriates execution of TARP
usatoday.com — "The American people's belief that the funds went into a black hole, or that there was a transfer of wealth from taxpayers to Wall Street, is one of the worst outcomes of this program, and that is the reputational damage to the government," said Neil ... (more) Watchdog excoriates execution of TARP
Pay Czar Decides to Collect a Few Scalps, a Sign of Weakness
nakedcapitalism.com — The Wall Street Journal reports that the pay czar, Kenneth Feinberg, is going to cut executive comp at 7 TARP recipients for the 25 most highly paid employees. Does this really mean anything? The press will noise it up as significant (and some ... (more) Pay Czar Decides to Collect a Few Scalps, a Sign of Weakness
TARP Report – “We don’t even know where the money went”
qando.net — S o let’s give them health care too! Sorry, couldn’t help myself. The quote in the title is from Democratic Representative Daniel Lipinski of IL. It’s a good preface to a Treasury Department Inspector General report issued today ... (more) TARP Report – “We don’t even know ...
Cut Their Pay and Send Them Home
powerlineblog.com — Today "compensation czar" Kenneth Feinberg announced the Obama administration's plan to punish executives of companies that received TARP money by cutting their compensation by an average of 90 percent: Under the plan, which will be announced ... (more) Cut Their Pay and Send Them Home
Feinberg's Folly -- By: The Editors
article.nationalreview.com — T hree things about the Obama administration’s publicity-seeking move to curb executives’ pay at bailed-out companies: It is inevitable, it is stupid, and it is inevitably stupid. Even as President Obama was stumping to provide a bit of job security ... (more) Feinberg's Folly -- By: The Editors
Examiner Editorial: Uncovering the bull under the bailout
Examiner Editorial: Uncovering the bull under the bailout
washingtonexaminer.com — Congress put American taxpayers on the hook for $700 billion last year when it approved the massive bailout to paper over the imprudent lending decisions of nine Wall Street giants: Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Goldman ... (more) Examiner Editorial: Uncovering the bull under the bailout