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, ...
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