Bush Prepares Request for Rest Of Bailout Funds
If Congress Votes Down Measure, Veto Power Could Come Into Play
By David Cho and Lori Montgomery
Washington Post Staff Writers
Saturday, January 10, 2009; Page A01
Senior Bush administration officials, consulting with the Obama transition team, have prepared a plan to ask lawmakers for the second half of the $700 billion […]
Senator Inhofe wouldn’t have this problem.
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Breaking Up Is Harder to Do After Housing Fall
By JOHN LELAND
Published: December 29, 2008
When Marci Needle and her husband began to contemplate divorce in June, they thought they had enough money to go their separate ways. They owned a million-dollar home near Atlanta and another in Jacksonville, Fla., as well […]
AIG Should Reveal Extent of Bonuses, Cummings Says (Update2)
By Hugh Son and Erik Holm
Dec. 16 (Bloomberg) — American International Group Inc. Chief Executive Officer Edward Liddy may face a congressional hearing to explain “the full extent” of the insurer’s plan to give bonuses to as many as 7,000 people so they won’t quit.
Liddy should testify […]
Executive Pay Limits May Prove Toothless
Loophole in Bailout Provision Leaves Enforcement in Doubt
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By Amit R. Paley
Washington Post Staff Writer
Monday, December 15, 2008; Page A01
Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that […]
December 12, 2008: 03:45 PM ET
CNN
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Ky. Sen. Bunning, ex-Tigers pitching great, gets booted from Detroit-area fair for autos vote
NEW YORK (Associated Press) - Jim Bunning was the toast of Detroit when […]
AP IMPACT: US diluted loan rules before crash
By MATT APUZZO – 14 hours ago
WASHINGTON (AP) — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, […]
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Images: (Big 3 faces) via huffingtonpost.com; (Logos)-GM–via stainlessworks.net; Chrysler–via jalopnik.com; Ford–via oracle.com:
(blue sedan) via sedanchairs.co.uk (black sedan) via foolfestival.com; (Egyptian sedan) via toysoldiers.com; (hearing room) sun-sentinal.com;
Tulsa World
Inhofe: Cancel the ‘blank check’
By JIM MYERS World Washington Bureau
11/16/2008
Last Modified: 11/16/2008 2:31 AM
He criticizes Henry Paulson for changing the $700 billion bailout plan.
WASHINGTON — U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation’s financial system and should take back what is left of […]
A Quiet Windfall For U.S. Banks
With Attention on Bailout Debate, Treasury Made Change to Tax Policy
By Amit R. Paley
Washington Post Staff Writer
Monday, November 10, 2008; A01
The financial world was fixated on Capitol Hill as Congress battled over the Bush administration’s request for a $700 billion bailout of the banking industry. In the midst of this […]
Bank executives enjoy SECRET £300,000 champagne party… just weeks after £20bn bail-out by taxpayers
By Sam Greenhill
Last updated at 12:22 PM on 10th November 2008
The Royal Bank of Scotland has blown £300,000 on a secret champagne junket for executives - less than a month after being given a £20billion handout by the taxpayer.
Bankers and their partners […]
I have only included five, and shall rely on you to check out the three year total remuneration of each.
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© AP Photo/Mark Lennihan, file
Lloyd C. Blankfein, Chief executive officer, Goldman Sachs
Goldman has yet to book a loss, even though profits have dropped.
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© AP Photo/Kevin Wolf, file
Richard S. Fuld Jr., Chief executive officer, Lehman Brothers
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© AP […]