I have been wondering about this one for some time. CitiGroup gets insta-moolah over a weekend. The auto industry flies into Capital Hill, gets a spankin’ and is summarily sent away to do their homework. Why? Why does CitiGroup get money (to be accurate…more money) and Lehman brothers gets nothing? I don’t understand. Could the problem possibly be that Henry Paulson, Secretary of the Treasury has no overall plan..? Rachel Maddow tackles these questions:
John Nichols from The Nation has more:
“This is the part of our nation’s surreal economic crisis that seems particularly surreal:
The US auto industry, which employs 3 million Americans ...
Tuesday morning news Roundup(My blog is acting a little funny. I’ll see if I can get the computer gurus to look at it.)
President Bushpardoned14 people yesterday. He has been extremely stingy with the pardons. What makes these 14 people so special?
Financial guru Allan Sloan is handing out this year’s turkeys. The Federal Reserve gets a turkey for allowing Lehman Brothers to go into bankruptcy. Yahoo gets a turkey for telling Microsoft “thanks but no thanks.” Sloan also includes Treasury SecretaryHank Paulson’sturnaround. This is a really good article.