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washingtonpost.com - 12/14/2008

U.S. 'Not Getting What We Pay For'

— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) U.S. 'Not Getting What We Pay For'

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scsuscholars.com - 12/17/2008

To prove we don't know anything about this either

— scsuscholars.com — A few listeners of the Final Word are getting together for the ESPN College Bowl Mania pool.... We pick the 34 bowl games straight up and then assign the confidence we have in each pick. First bowl games are Saturday (the Eaglebank Bowl!), so if you want in, contact me at comments at (the name of ... (more) To prove we don't know anything about this either

Comments vote downundo vote up Rover found this 12/17/2008found this

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Progressive Breakfast: Do I Hear $1 Trillion?
LiberalOasis : The Blog — ... Don't know. How much will all this cost? Don't know, could be anywhere between $8 billion and $50 billion. Shorter shorter WSJ: With banks, you need to get things done over the weekend. With automakers, evidently, not so much. This all bespeaks a lack of leadership, which is the one thing clearly needed to avoid a worst-case liquidation scenario which is looking increasingly likely. [per Naked Capitalism]" Bailout Loophole W. Post reports that the $700B financial industry bailout legislation contains a loophole inserted ...

Don't We Have Laws ...
Talking Points Memo — to cover stuff like this? From the WaPo ... Meanwhile, Paulson repeatedly told lawmakers that he did not plan to use bailout funds to inject capital directly into financial institutions. Privately, however, his staff was developing plans to do just that, Paulson acknowledged in an interview. ...

Bailout Bill Loophole Could Render Exec Pay Limits Meaningless
TPMMuckraker — ... Or at least it appeared to have. The Washington Post reports today that Treasury succeeded in getting a rather important loophole added in to the bill at the eleventh hour. It said that the pay limits would apply only to banks that participated in the bailout under the original plan in which Treasury would purchase the banks' troubled assets. Since the department quickly switched to a different approach, in which it simply injects equity into banks, the pay limits no longer apply. ...