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Bailout Vote
Fed, Treasury Chiefs Grilled on AIG
posted: 101 DAYS 14 HOURS AGO
filed under: Political News, Bailout Vote
In a rare joint appearance, Treasury Secretary Timothy Geithner and Fed chairman Ben Bernanke testify before Congress on AIG's bailout and the latest bank rescue plan. Geithner asks for broad new powers to seize control of banks, swallow bad assets and sell good ones to competitors.
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Pablo Martinez Monsivais, AP
Treasury Secretary Timothy Geithner, far left, and Federal Reserve Chairman Ben Bernanke, center, listen while testifying before the House Financial Services Committee.
Obama Was 'Stunned' by AIG Bonuses
posted: 105 DAYS 19 HOURS AGOcomments: 944
filed under: Political News, Bailout Vote, The Obama Presidency
Mayor Wants Apology From Obama
posted: 142 DAYS 17 HOURS AGOcomments: 0
filed under: National News, Political News, Bailout Vote
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Las Vegas Mayor Oscar Goodman demands an apology from President Barack Obama, faulting him for saying that companies that have received federal bailout funds shouldn't be sending people on corporate junkets to the city. Obama's statement was "outrageous," Goodman asserts. "He owes us a retraction."
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Obama Imposes Pay Cap on Executives
posted: 149 DAYS 7 HOURS AGOcomments: 0
filed under: Political News, Bailout Vote, The Obama Presidency
In a dramatic move, President Barack Obama institutes a pay cap of $500,000 on some executives whose companies receive taxpayer bailout money. "What gets people upset -- and rightfully so -- are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers," Obama says. Political Machine: Why It's a Good Idea | Why It's a Bad Idea
Also: Obama OKs Kids' Health Insurance Bill | Senate Votes to Up Homebuyers Aid
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Also: Obama OKs Kids' Health Insurance Bill | Senate Votes to Up Homebuyers Aid
Ron Edmonds, AP
President Barack Obama, accompanied by Treasury Secretary Timothy Geithner, holds a news conference at the White House to announce his restrictions on senior executives whose companies get government bailout money.
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