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POPSBiting the Hand That Feeds You Interesting analysis from the Center for Responsive Politics. Nearly every member of the House Financial Services Committee, which chastised bank CEOs Wednesday, took campaign contributions linked to those very banks.
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POPSHow Talent Flees Investment Banks Many readers have asked why retaining talent is such an issue if the government puts in place too strict limits on executive compensation. This article from the Wall Street Journal explores that question.
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POPSA Transparent TARP? We're getting there. The list of banks receiving assistance under the Capital Purchase Program is LONG, Treasury will need to get to work posting those contracts in particular. Why wasn't this done under the Bush administration?
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POPSThe Bailout: Obama's Turn This is going to grow into a much larger story in the coming months. The original $700 billion in TARP money is not nearly enough to grease the credit markets, buy up bad assets and provide foreclosure relief to millions of homeowners. After the inaugural parties, are over, the Obama administration deals with the task of remedying the country's economic hangover. First step: spending the remaining $350 billion in TARP money (actually a little less, because some of it is already spoken for). Why should the Bush administration have all the spending fun?
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POPSGM's Capitol Hill Lobbying Even though there's much speculation that TARP funds will be tapped to rescue automakers, only a handful of Democratic senators have officially supported such a proposal. Get ready for a difficult week of bargaining in Washington.
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POPSIs $700 Billion Enough? With so many groups (insurance companies, automakers, private and public banks) vying for a slice of the pie, it's questionable whether the government's $700 billion allotted for a bailout is enough.
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