Follow the bailout cash
Newsweek
by Michael Isikoff and Dina Fine Maron
03/21/09
There was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money. But another money trail could make voters just as angry: the campaign dollars to members of Congress from banks and firms that have received billions via the Troubled Asset Relief Program. A Newsweek review of recent filings with the Federal Election Commission found that the political action committees of five big TARP recipients doled out $85,300 to members in the first two months of this year — with most of the cash going to those who serves [sic] on committees who oversee the TARP program.
http://www.newsweek.com/id/190363
Enough about the AIG bonuses: Focus on the banks’ billions
New York Daily News
by Michael Goodwin
03/29/09
Get ready to take out the AIG pitchforks again. This time, there is an important use for them. Now that the hysteria over the $165 million in bonuses is cooling, two inquiries aim to find out what AIG did with the bulk of its federal bailout money. Given the $175 billion at stake, those pitchforks can help dig through the details of who is getting huge chunks of taxpayer cash. It’s a twist on the adage to ‘follow the money.’ Finally, probers are following the big money. Against the billions that have vanished, and with more on the hook as AIG unwinds its trading portfolio, Washington’s outrage over the millions paid for bonuses counts as a trivial pursuit. And with the Obama administration seeking new powers to take over troubled companies, the handling of AIG is a test case for whether the government can be trusted with that power. So far, the signs aren’t good. The probes are likely to add to the doubts...
http://tinyurl.com/dxa9sz
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=bonuses
http://freepage.twoday.net/search?q=AIG+insurance
http://freepage.twoday.net/search?q=Troubled+Asset+Relief+Program
http://freepage.twoday.net/search?q=TARP
http://freepage.twoday.net/search?q=Michael+Isikoff
http://freepage.twoday.net/search?q=Dina+Fine+Maron
http://freepage.twoday.net/search?q=Michael+Goodwin
by Michael Isikoff and Dina Fine Maron
03/21/09
There was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money. But another money trail could make voters just as angry: the campaign dollars to members of Congress from banks and firms that have received billions via the Troubled Asset Relief Program. A Newsweek review of recent filings with the Federal Election Commission found that the political action committees of five big TARP recipients doled out $85,300 to members in the first two months of this year — with most of the cash going to those who serves [sic] on committees who oversee the TARP program.
http://www.newsweek.com/id/190363
Enough about the AIG bonuses: Focus on the banks’ billions
New York Daily News
by Michael Goodwin
03/29/09
Get ready to take out the AIG pitchforks again. This time, there is an important use for them. Now that the hysteria over the $165 million in bonuses is cooling, two inquiries aim to find out what AIG did with the bulk of its federal bailout money. Given the $175 billion at stake, those pitchforks can help dig through the details of who is getting huge chunks of taxpayer cash. It’s a twist on the adage to ‘follow the money.’ Finally, probers are following the big money. Against the billions that have vanished, and with more on the hook as AIG unwinds its trading portfolio, Washington’s outrage over the millions paid for bonuses counts as a trivial pursuit. And with the Obama administration seeking new powers to take over troubled companies, the handling of AIG is a test case for whether the government can be trusted with that power. So far, the signs aren’t good. The probes are likely to add to the doubts...
http://tinyurl.com/dxa9sz
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=bonuses
http://freepage.twoday.net/search?q=AIG+insurance
http://freepage.twoday.net/search?q=Troubled+Asset+Relief+Program
http://freepage.twoday.net/search?q=TARP
http://freepage.twoday.net/search?q=Michael+Isikoff
http://freepage.twoday.net/search?q=Dina+Fine+Maron
http://freepage.twoday.net/search?q=Michael+Goodwin
rudkla - 24. Mär, 09:59
