Hyper Local News Pages

Web Stats Provided By Google Analytics

Thursday, April 10, 2008

04/10/08 - Wall Street in D.C. - Wall Street Lions and Washington Lambs


Where Are The Answerers On The Huge Bailout

Robert D. Novak: Unanswered questions about the bailout of Bear Stearns

UnionLeader.com

AT LAST Thursday's Senate Banking Committee hearing on the government's historic bailout of Bear Stearns, two questions were expected. Who set the initial bargain basement price of $2 a share for the investment bank? Who picked JPMorgan Chase as the fortunate buyer? Those questions were not clearly asked, and were not answered at all.

The hearing was televised and attracted a packed audience. Details of the government's extraordinary intervention promised a tense interrogation. But this was not the customary confrontation between lame-duck Republican officials and majority congressional Democrats. On either side of the table were brothers, as if Wall Street had moved to Washington...

... as an adviser to Democratic presidential candidate John Kerry. The Treasury's Steel, a Dodd constituent as a Greenwich, Conn., resident, is a political switch-hitter contributing to both parties. His Democratic recipients include John Edwards, ...

==============================================

Please send comments to GreenwichRoundup@gmail.com

No comments:

The Raw Greenwich Blog And RSS Feed - Bloggers Who Are From, Work In Or Used To Live In Greenwich