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Maxine Waters Investigation: The Feds
By David Knowles - AOL News(Aug. 9) -- What did they know, and when did they know it? As the House of Representatives proceeds with its ethics investigation of Maxine Waters, a big question will be why the Treasury Department decided to award a bank with ties to Waters and her husband $12 million in TARP funds. Two people who might be able to assist in that matter are Rep. Barney Frank, D-Mass., and former Treasury Secretary Henry Paulson. What role did Barney Frank play? According to the House committee's "Statement of Alleged Violations," in September 2008, as the U.S. housing market was entering into free-fall, ...
Here's the Outrage
By Tommy Christopher - Politics DailyDan Rather is getting mad. He writes, at The Daily Beast, that after interviewing Professor Elizabeth Warren about the current financial crisis, something boiled up in him:In the hours following the interview, a question that had been nagging at me for months now was growing in volume and insistence. That question, regarding the economy and our government, is: Where's the outrage? Where is the outrage from We The People? And where is the outrage-or sense of outrage-from the Treasury Department, from Congress, and, yes, from the White House and the new president himself.As I read Rather's ...
Live Video: CEO's on Bailout Money Hot Seat
By Tommy Christopher - Politics DailyThe CEO's from several companies that received TARP funds are testifying before the House Financial Services Committee today. I predict an epic display of huge, brass spheres. Watch the live video below. .msnbcLinks {font-size:11px; font-family:Arial, Helvetica, sans-serif; color: #999; margin-top: 5px; background: transparent; text-align: center; width: 425px;} .msnbcLinks a {text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px;} .msnbcLinks a:link, .msnbcLinks a:visited {color: #5799db !important;} .msnbcLinks a:hover, ...
Apocalypse Now: Bailout Bill Fails
By David Knowles - Politics DailyHouse Republicans block the bailout bill with an assist from a large number of Democrats. The stock market goes into free fall. As Wall Street saw the votes showing that the resolution was heading for failure, the great sell-off began. The market immediately nosedived, and closed with its single greatest one-day point loss in history. Welcome to the crash of '08.It's official. The bailout bill has failed. Here's the vote totals:205 in favor: 140 Democrats and 65 Republicans228 against: 133 Republicans and 95 DemocratsLet's all hope that Warren Buffett is wrong about what's next:Legendary ...
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