I’m just starting to dig through an advance copy of “The Promise,” Jonathan Alter’s new book on President Obama’s first year in office, set for publication on May 18. But there are some great nuggets right at the start. Alter describes the chaotic scene at a Sept. 25, 2008, More…
Gretchen Morgenson and Louise Story’s New York Times piece yesterday was a thorough explanation of Goldman Sachs’ machinations that contributed to the collapse of AIG and the government’s perceived need to jump in and pay for everything without negotiating prices.
But unless you’re well-versed in the modern minutiae More…
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 More…
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 More…
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 More…
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