Hyper Local News Pages

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:

Post a Comment

Useful criticism, helpful links and corrections and general comments are always welcome at Greenwich Roundup. Generally only spam ads and posts with very foul language get censored.

Contact me directly at GreenwichRoundup@gmail.com if you have a suggestion or comment you don't want publicized (but tell me so in your email).

I look forward to publishing your opinions.

COMMENTING RULES: We encourage an open exchange of ideas in the Greenwich community, but we ask you to follow our guidelines. Basically, be civil, smart, on-topic and free from profanity. Don't say anything you wouldn't want your mother to read!