A regulator-turned-Exelon-lobbyist bragged at an energy conference last year about how Exelon’s lobbying investment translated into nearly $6 billion in public subsidies.
Tag: bailout
Obama shares Wall Street’s delusions
Via Bloomberg, we learned yesterday that President Obama buys in to the Wall Street delusion that bankers actually deserve really high salaries. Speaking about JP Morgan’s Jamie Dimon and Goldman’s Lloyd Blankfein, he said this: The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount …
What about Cerberus?
President Obama issued an ultimatum to GM and Chrysler today, setting out strict guidelines for the carmakers to meet before obtaining more government aid. Coupled with the forced resignation of GM CEO Wagoner, the Obama administration’s heavy-handed approach to Detroit, as compared to its approach to Wall Street, seems to indicate a double standard. Why …