March 24, 2009
Congress gets very upset when TARP bailout money goes to corporate employee bonuses, corporate jet rides, and corporate golf tournaments.
What Congress doesn't get so very upset about is when TARP bailout money goes to Congress, in the form of campaign contributions.
In recent filings with the Federal Election Commission, the political action committee for Bank [...]
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March 18, 2009
Congressman Barney Frank (D-MA) says allowing AIG executives to keep their $165 million in bonuses is "rewarding failure." Barney is right. It is rewarding failure. What Barney doesn't say is, it was Barney Frank and company (the federal government, under both Bush and Obama) who enabled the bonuses to be paid in the first place, [...]
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