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Cash for Trash
By Paul Krugman
Monday, March 23, 2009
Over the weekend newspapers reported leaked details about the Obama administration’s bank rescue plan, which is to be officially released this week.
If the reports are correct, Tim Geithner, the Treasury secretary, has persuaded President Obama to recycle Bush administration policy — specifically, the “cash for trash” plan proposed, then [...]
AIG Chief Faces Pink Anger on Capitol Hill
Edward Liddy, AIG chief exec, was confronted by Pink Code women protesters as he arrived to testify in Washington amid public fury over the large bonuses paid to him and other top managers of the insurance company after it was rescued with $170 billion of taxpayers’ money.
“Give our money back, you greedy bastard!”