Daily News Channel
To fix the banks, Washington needs to get toxic assets off their balance sheets. That’s easily said but not so easily done. One reason is an obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter
In many respects, Senator Chris Dodd is more powerful than ever on Capitol Hill these days. After enduring eight years in the political wilderness, the Connecticut Democrat is one of his ascendant party’s senior statesmen, someone who endorsed Barack Obama early on in his presidential campaign and hails from a solidly blue state.
Timothy Geithner to America: We’re going big, aggressive and expensive.