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    • Chavez to Fidel: We May End Up on Obama’s Right

    June 4, 2009 at 8:56 am

    10 Comments

    The Administration’s plan to take over General Motors certainly startled a lot of people, both in the U.S. and internationally. Now comes word that even Hugo Chavez — an acknowledged expert in the theory and practice of nationalization — found the move remarkable, publicly musing as to whether President Obama … More

    GM To Keep Lobbyists: Government to Influence Itself

    June 3, 2009 at 1:41 pm

    13 Comments

    As a candidate, Barack Obama repeatedly pledged that no lobbyist would work in his White House. But does that policy apply to his auto companies? It’s a timely question, as General Motors, soon to be majority-owned by the U.S. government, announced this week that it planned to retain its in-house … More

    The Government and GM: How Reluctant a Shareholder?

    June 1, 2009 at 2:11 pm

    26 Comments

    Will the new majority owner of General Motors — the United States Government — take an active role in managing the firm as it struggles for viability? In a statement earlier today, President Obama insisted that the government wouldn’t impose it’s own political agenda on GM. “What we are not … More

    News Flash: Obama-Appointed GM CEO Supports Obama

    May 19, 2009 at 11:37 am

    9 Comments

    Here’s a shocker. Among the cheerleaders for President Obama’s plan to increase federal fuel efficiency mandates were General Motors and Chrysler — two companies that are, at the moment, virtually run by the federal government itself. GM’s Fritz Henderson, who was made CEO when Rick Wagoner was effectively fired by … More

    Insurers Just Saying “No” To TARP?

    May 18, 2009 at 4:54 pm

    7 Comments

    What if they ran a bailout program and no one came? Last year, the Bush Administration Treasury Department opened TARP’s doors to insurance companies, a number of which promptly filed for aid. Last week, the applications of six of those were approved, totalling some $22 billion. But rather than rush … More

    Paulson and the Banks: What an Offer You Can’t Refuse Looks Like

    May 15, 2009 at 3:08 pm

    8 Comments

    Ever since the results of the government’s stress tests were released, banks across the country have been rushing to escape from their TARP traps. Now comes more details on how they got snared to start with. Documents made public this week by the Treasury Department – pursuant to a Freedom … More

    DOJ’s New Antitrust Rule: “Too Big To Succeed”

    May 13, 2009 at 4:14 pm

    3 Comments

    For months now, the Treasury Department has been grappling with the consequences of “Too Big to Fail” — the idea that some enterprises are too large to allow to fail. Now here’s comes the Justice Department with “Too Big To Succeed,” the idea that some firms are too large to … More

    Financial Prison Break: Banks Flee TARP

    May 12, 2009 at 11:47 am

    4 Comments

    In the weeks leading up to last week’s release of “stress test” results, there was quite a bit of talk about more bailout money for troubled banks — how much they would need, and how much Washington would force them to take. (Yes, force.) How things have changed. Not only … More

    CEO Confirms Treasury is Calling Shots at GM

    May 11, 2009 at 11:18 am

    33 Comments

    In a surprisingly frank statement this morning, General Motors CEO Fritz Henderson confirmed that the Treasury Department is calling the shots on the company’s on-going restructuring. As reported by the New York Times, Henderson stated that GM was told by the Treasury Department to offer bondholders only up to 10 … More

    TARP and Stress Tests: Now Can Banks Return the Money?

    May 7, 2009 at 4:10 pm

    6 Comments

    The results aren’t officially out yet, but it looks like 14 of the 19 financial firms subjected to “stress tests” by the Treasury Department passed their exams with flying colors. Now, the question is will they be allowed to return the money they borrowed from taxpayers? Many of them want … More

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    James Gattuso

    James Gattuso

    James Gattuso handles regulatory and telecommunications issues for The Heritage Foundation as a Senior Research Fellow in its Roe Institute for Economic Policy Studies.
    The Morning Bell
    Ed Meese: We’ve Seen the Effect of “Amnesty” BeforeExperts can’t always predict exactly how public policy will affect the nation, despite our best efforts. But when it comes to immigration policy, we have tried many of the types of reforms advocated by today’s Gang of Eight—so we should consider the effects these reforms had in the past. In … MoreMore
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