Yesterday the United States Department of the Treasury Special Master of Compensation Kenneth Feinberg announced a wage control scheme for the 175 executives of the seven companies that have received the most funds from the taxpayer funded Troubled Asset Relief Program (TARP). At first the Obama administration denied any involvement …
While America debates rising deficits, rising debt, and reckless spending bills, the mood in Washington is understandably sour. For the Americans fortunate to have jobs in this recession, there is still a sense of anxiety about what is around the economic corner. For their jobless friends and family, there is …
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 …
