Claire McCaskill has come up with a novel idea – cap the bonuses companies that are receiving federal aide can pay out: Under the bill by McCaskill, an early endorser of Obama’s presidential candidacy, employees would not be able to make more money than the U.S. president — $400,000 a year — until their companies […]
Another $600 Billion
Paulson has announced he is spending an additional $600 billion to buy up toxic mortgages: The Federal Reserve announced Tuesday that it will purchase up to $600 billion in mortgage-backed assets, the toxic assets that have been weighing down embattled government-sponsored enterprises like Fannie Mae (FNM: News ) and Freddie Mac (FRE: News ). Buying […]