Tuesday, September 23, 2008
Bank Lobbyists like Paulson's Big Bailout
NPR has an interview with a bank lobbyist who is much happier with the Bush administration's bailout plan than Democratic ideas of limiting CEO pay and setting up an oversight mechanism. There's just something about getting $700 billion with no strings attached that seems appealing.
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If this happens, I am throwing a brick through a window, or at least breaking an Ale-8 bottle. I hate myself for believing Paulson unequivocally and thinking that this would be better than doing nothing.
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