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Daily Archives: March 22nd, 2009

Scapegoating Dodd, take 2

Sunday, March 22, 2009

Factcheck.org has weighed in on Dodd’s responsibility, or lack thereof, for the legislative language that allowed those bonuses (or, more accurately, did not stop them). Some Republicans are blaming Democratic Sen. Chris Dodd of Connecticut for millions in bonus payments paid by taxpayer-owned American International Group. … As it was passed in the Senate, the […]

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Half Measures

Sunday, March 22, 2009

The headlines this morning were all about Obama’s intention to rein in executive pay as part of his overall plan to impose some order on the outlaw financial markets. There isn’t much detail because at the moment there isn’t much plan, but it seems pretty clear that they’re not thinking of doing much on the […]

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The Sanctity of Contracts

Sunday, March 22, 2009

Promises made are apparently sacred only up to a point: Elizabeth and James Pham put all their savings into the deposit they made on a $956,990 two-bedroom apartment at Maxwell Place, a new development in Hoboken, N.J. They signed an agreement for the apartment in 2005, put down $93,199 and were preapproved for a mortgage […]

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