Everyone’s abuzz about the bonuses being paid out to AIG employees, some reaching above $1 million.
And Congress is there on the case, chasing down the money that . . . it is responsible for putting out there in the first place.
(Yes, yes, AIG money was a loan from the Fed, not TARP – [...]
The text of the bailout legislation is below. This comes from a version posted by the L.A. Times that says “discussion draft,” but it has the same file name as the bill posted on the House Speaker’s Web site, so I believe this is the bill that will be considered in the House tomorrow. [Update: [...]
A good number of bills have been introduced this week to distribute blame and respond to the financial crisis triggered by the failure of the government-sponsored home mortgage enterprises.
“Wakerider” legislation – bills that follow the headlines – deserve some skepticism because the time is ripe for political posturing and other silliness, but some of the [...]