Bailout

Geithner Aide Fought CEO Pay Reform

motherjones.com — As a Goldman Sachs lobbyist, Mark Patterson worked against a bill sponsored by then-Sen.Barack Obama to curb executive compensation. Now he's a key member of the Obama administration team that is supposed to contain excessive compensation in federally bailed-out firms like AIG.

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David Sirota's picture

COLUMN: That Old Saying In Tennessee

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David Sirota's picture

Four Reasons to Oppose the Bush-Obama Request for Another $350 Billion Bailout

How we should address the next truckload of Wall Street bailout cash: Determine whether Wall Street really needs it, close the loopholes, make Congress do its oversight job, and demand to know why this is the best way to spend $350 billion.

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Treasury's Bailout Promises Runneth Over

washingtonpost.com — With the announcement of its $6 billion investment to stabilize GMAC, the Treasury Department has now spent or committed more money than Congress has allocated to its financial rescue program, effectively making more promises than it can afford to keep.

The scorecard: Congress gave Treasury $350 billion; Treasury has allocated $354.4 billion.

The department acknowledges that it needs Congress to approve the second half of the $700 billion rescue package simply to meet its commitments, let alone to address new emergencies. If Congress blocks the additional funding, as some members say they want to do, Treasury could be forced to break promises.

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David Sirota's picture

Gov't Studies Say Progressives Were Right, Beltway Was Wrong

My newspaper column this week takes a look at three recent government reports that prove when it comes to righting our economy, progressives were right, and Beltway insiders were wrong. more »

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Isaiah J. Poole's picture

Office Of Thrift Non-Supervision

In the deluge of financial news, one story that is emblematic of the colossal failure of the conservative approach to government has gotten too little attention: The Washington Post's in-depth look Sunday at the Office of Thrift Supervision. more »

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Robert Borosage's picture

Free Fall

"The era of big government is over" is over. A major recovery program—featuring substantial public investment—will be inevitably the first initiative of the Obama administration. It should feature more spending than tax cuts—investing in renewable energy and conservation, in rebuilding everything from schools to bridges to a smart electric gird, in helping cities and states avoid crippling cuts of services, in keeping college affordable, providing health care to children, and aiding those most in need.

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David Sirota's picture

The Big Heist

In the slapstick classic Funny Farm, Chevy Chase ends up writing a novel called The Big Heist which is so bad - so painfully, terribly awful - that he ends up going insane and burning it in front of his horrified wife. more »

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