January 22, 2009

MICHAEL SILENCE: “Why do I get the impression the bailouts are going to be a Comedy of Corruption?” Comedy, tragedy, whatever. The corruption, at least, is a given it appears. “Mr. Frank, by his own account, wrote into the TARP bill a provision specifically aimed at helping this particular home-state bank. And later, he acknowledges, he spoke to regulators urging that OneUnited be considered for a cash injection.”

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