Last September, in arguing against passage of the Emergency Economic Stabilization Act that created TARP, I hedged:
Government action is absolutely n...
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Doubts about the federal government's ability -- and willingness -- to reign in excessive executive compensation have persisted since October of last year. Now, the tables have turned.
The American public was sold on TARP -- the Troubled Assets Relief Program -- based on the idea that the funds would be used to buy up, well, troubled assets.
NEW YORK — The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff _ including a t...
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