Word: bille
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...Federal Reserve officials hadn't allowed Lehman to fail. Although, given how much criticism they got for their semi-bailout of Bear Stearns in March, it's easy enough to see where that decision came from. Less easy to understand is why Paulson initially stubbornly insisted that the bailout bill be structured as an asset-purchase plan - it's still called the Troubled Asset Relief Program, or TARP - rather than as a straightforward recapitalization of troubled banks. Treasury has since switched to the latter approach, so far putting $216 billion of the TARP hoard into capital injections. On Wednesday, Paulson...
Paulson didn't seem to think that that was something he needed to get involved with. Same with fiscal stimulus legislation. Paulson shepherded the last stimulus bill through Congress in January. Not this one. "My focus is on the financial sector, on getting credit going, getting lending flowing," he said. "I can't imagine anything that would have a bigger stimulative impact." In other words, he really doesn't want to take on anything more at this point. Can you blame...
...plan is to go back to her home state and become the kind of politician who can do something about New Mexico’s high rates of domestic violence, its education system, and the power hierarchies dividing Anglos, Latinos and Native Americans. Basically, she wants to be Bill Richardson, governor of New Mexico and the first Hispanic candidate for the democratic nomination in 2008. Halfway through my interview with Andrea, her cell phone rang. She looked at the number and answered. “Caleb Weatherl, how do you know I was going to call tonight...
...House for the past 15 years, and he said he suspects that “almost all” the people who make it there—or even make it close—have been planning their route to the Oval Office for much of their lives. Both Bill Clinton and John Kerry were aiming for the White House early in their careers, and all their friends knew it, Cannon said. “I’ve known John McCain all my life, and I’ve just learned that he was thinking about it early...
...Nebraska legislature is meeting to change the safe haven law so that it only applies to babies younger than 3 days old. How soon will that change occur? As soon as the governor signs the bill it will immediately become law and go into effect. The soonest it will happen will be November 21, one week after the session convenes. At that point, if a person leaves a child who is outside the age limit, then that person can be criminally prosecuted for the abandonment of that child...