money.cnn.com - 2/5/2009
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WASHINGTON -(Dow Jones)- The three government watchdogs overseeing the $700 billion financial rescue package continued to criticize the Treasury Department's implementation of the plan, suggesting a lack of a strategic vision and raising the concern that Treasury is overpaying for its ...
opensecrets.org - 2/4/2009
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opensecrets.org —
The companies that have been awarded taxpayers' money
from Congress's bailout bill spent $77 million on lobbying
and $37 million on federal campaign contributions, Center finds. The return on investment: 258,449 percent . WASHINGTON--( This ...
(more)
TARP Recipients Paid Out $114 Million for Politicking ...
huffingtonpost.com - 2/6/2009
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huffingtonpost.com —
Wall Street bankers, with their $18 billion in
bonuses, private jets and gaudy conferences, are causing headaches
for the GOP. President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. ...
(more)
GOP Opposes Pay Limits On Bailed-Out Bankers
krugman.blogs.nytimes.com - 2/4/2009
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krugman.blogs.nytimes.com —
Josh Marshall gives us David Broder talking about
stimulus - which he says failed to achieve the
predicted results the first time. It's not clear whether he was referring to the TARP or the early 2008 stimulus package, but either way it's a poor ...
(more)
Bipartisan bromides
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Stealing All Your Money
Eschaton —
One weird thing is just how many emailers I get who get angry that I suggest that your money is being stolen. "Our money - and our economy - are on the line, and we all have a stake in the outcome," said Harvard Law School professor Elizabeth Warren in her prepared remarks for a Senate Banking Committee hearing. Warren heads the five-member congressional oversight panel overseeing the TARP, and said that the group on Friday will issue a report suggesting Treasury has significantly overpaid for the assets it has purchased from financial institutions. She ...
TARP Watchdog: Treasury Overpaid For TARP Investments
Democratic Underground Latest Breaking News —
... hearing. Warren heads the five-member congressional oversight panel overseeing the TARP, and said that the group on Friday will issue a report suggesting Treasury has significantly overpaid for the assets it has purchased from financial institutions. She said an analysis of 10 of the TARP transactions, when extrapolated for all of the purchases made in 2008, suggests Treasury paid $254 billion for assets worth approximately $176 billion, a shortfall of $78 billion. Read more: http://money.cnn.com/news/newsfeeds/articles/djf500/200...
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What Goes Around Comes Around:
volokh.com 1/23/2009 — The Washington Times notes today that many of the recipients of federal bailout funds are also major political donors:...
Adventures in Lobbying
openleft.com 1/26/2009 — When I offered in a blog thread to go lobby on TARP oversight and reform while I was in DC, little did I know that I was going to be asked to write about it on Open Left. It's a challenge to rise to the standards set by all the wonderful writers ...
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