Contributing Editor, Vanity Fair
Contributing editor at Vanity Fair
PROFILE
Michael Shnayerson
Guest
FROM Michael Shnayerson
Which Way, L.A.?
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 .
To the Point
Getting the Biggest Bang from the Next Bailout Big chunks of America's biggest banks are now owned by the taxpayers and, with billions more bailout money to come, they're going to own more. The Obama Administration is faced with a major question: with federal ownership on the increase, should there be more federal control? The President says he won't subsidize failure by allowing bailout money to pay for executive bonuses. Does he need to do more? Should he nationalize the banks and dismiss the architects of failure? Buy up those “toxic assets?” Cut the size of banks so they're not “too big to fail?” What's the best way to get the biggest bang for the next bailout?
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To the Point
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
To the Point
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.