Getting the Biggest Bang from the Next Bailout
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As soon as the stimulus bill is passed, it’ll be on to the next financial industry bailout for President Obama. In this rebroadcast of today's To the Point we hear more about what the next bailout might look like and how much it’s going to cost. Also, Everything Barack Obama does as the new President is newsworthy, especially when there’s a comparison to be made between him and George W. Bush. Today, the President announced his own faith-based initiative.
Banner image: President Barack Obama listens as Treasury Secretary Timothy Geithner delivers remarks about executive compensation. Photo:Win McNamee/Getty Images
Getting the Biggest Bang from the Next Bailout ()
President Obama will likely propose another huge investment of public money in private banks and brokerages houses. The mismanagement that caused them to collapse has made them very unpopular and the President is targeting one feature the public really can understand: executive bonuses.
- Michael Shnayerson: Contributing Editor, Vanity Fair
- David Smick: global financial market strategist
- Barry Ritholtz: CEO, Fusion IQ, @ritholtz
Is Obama's Faith-Based Initiative Even Bigger Than Bush's? ()
It was one of George W. Bush's first presidential orders of 2001, months before September 11, and it led to controversy about the separation of church and state. During last year's campaign, Barack Obama surprised a lot of people by saying he'd continue the faith-based initiative. Today he made good on his promise at the annual Prayer Breakfast in Washington. Dan Gilgoff is senior editor at US News and World Report, and writes the God and Country blog.
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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