Hank Paulson

Just a few days after Federal Reserve Chairman Ben Bernanke testified before House lawmakers about his role in Bank of America’s controversial buyout of Merrill Lynch, House Oversight and Government Reform Chairman Edolphus Towns (D-N.Y.) announced that former Treasury Secretary Henry Paulson will be the next official to take the hot seat.
Bank of America purchased [...]

The Obama administration is poised to tap Kenneth Feinberg, the mediation guru who headed the 9/11 victim compensation fund, to monitor the nation’s bailed-out firms for compliance with executive compensation limits, The Wall Street Journal reported today. First, though, the White House has to sift through the tangle of executive pay restrictions imposed by Congress [...]

Over at TWI’s sister site, The Michigan Messenger, Eartha Jane Melzer caught former President George W. Bush’s first major domestic address since leaving office yesterday at the Economic Development Club of Southwest Michigan in the small town of Benton Harbor.
Eartha reports that while he refrained from directly criticizing his successor’s job performance, Bush echoed former [...]