The Crisis Agenda

As stocks cratered on Monday and lending and borrowing remained frozen, the Bush administration rushed to implement the $700 billion bailout enacted on Friday. The Treasury Department said that it would soon post help-wanted ads on its Web site for asset managers to run the program and that because of the urgency, the hiring may be “through other than full and open competition.”

Webmaster's Commentary: 

In other words, cronies get to sign the checks.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA