Feb 11 2009
Congressmen Hear from TARP Recipients Who Funded Their Campaigns
The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout funds may find that the hot seat is merely lukewarm. Nearly every member of the committee received contributions associated with these financial institutions during the 2008 election cycle, for a total of $1.8 million. And 18 [...]
Jan 30 2009
Meredith Whitney to banks: Deal with it
Banks are looking for a second chance to dump some toxic waste from their balance sheets on the hope that the Obama administration will set up a “bad bank” to buy massive amounts of their troubled assets.