...have solved,» Abernathy said. «It does feed uncertainty, and it does feed lack of confidence. Both Abernathy and Sen. Charles Schumer, a New York Democrat, criticized Treasury's decision to pressure nine large banks to take direct injections of capital. The... (more)

...pitched to lawmakers. ?It appears that you seem to be flying a $700 billion plane by the seat of your pants,? Rep. Gary Ackerman, D-N.Y., said. Focusing the bailout program on infusing billions into banks ? and possibly other kinds of companies ? to pump up... (more)

...lawmakers for his stewardship of the program. "You seem to be flying a $700 billion plane by the seat of your pants," Rep. Gary Ackerman, D-N.Y., told him. "It seems to be the second-largest bait-and-switch scheme that history has ever seen, second only to... (more)

...would have solved," Abernathy said. "It does feed uncertainty, and it does feed lack of confidence." Both Abernathy and Sen. Charles Schumer, D-N.Y., criticized Treasury's decision to pressure nine large banks to take direct injections of capital. The move... (more)

...intent ... our intent is also relevant ... I don't accept other actions to not do what is in the TARP." And California's Brad Sherman (Harvard Law) dryly noted, "[There has been] earlier discussion of the intent of the Secretary of the Treasury and the intent... (more)

...- There may be two more months before Barack Obama is sworn in as president, but thousands of Long Islanders already are flooding local congressional offices with requests for tickets. But with demand far exceeding supply, thousands of those requests for seats... (more)