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Rough Sketch: March 30, 2008 - April 5, 2008

Buddy, Can You Spare a Billion?

Meet Alan Schwartz, welfare recipient. As the chief executive of Bear Stearns, he's getting rather more public assistance than your typical welfare mom -- specifically, $30 billion in federal loan guarantees to help J.P. Morgan Chase take over his firm. But then, Schwartz has had rather more than his share...

By Dana Milbank  | April 4, 2008; 7:03 AM ET  |  Permalink  |  Comments (3)
Categories:  Dana Milbank  
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The Rest: Sketch Discussion Highlights

The following are excerpts from Thursday's chat. Read the whole transcript. _______________________ Denver: Are we watching the end of the "Roaring '20s? washingtonpost.com: Belatedly, the Bad-News Bearer (Post, April 3) Dana Milbank: There is certainly an end-of-days feel to the hearing today, and the one yesterday. When you hear Bernanke...

By Dana Milbank  | April 4, 2008; 6:56 AM ET  |  Permalink  |  Comments (0)
Categories:  Dana Milbank  
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Opener: Discussion Begins with Bear Stearns

Dana Milbank: Hello from room G-50 of the Dirksen Senate Office Building, where the Senate Banking Committee is holding a hearing into the Bear Stearns bailout. The senators are concerned about whether the $30 billion in Federal loan guarantees created a "moral hazard." "I think we must guard against creating...

By Dana Milbank  | April 3, 2008; 1:14 PM ET  |  Permalink  |  Comments (0)
 
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Fed Chairman Can't Quite Utter the R Word

It's (semi) official: We're in a recession. The Federal Reserve chairman didn't come right out and say it in his appearance before the Joint Economic Committee today, but in his carefully-hedged, deliberate mumbo jumbo, Ben Bernanke delivered a message as stark as bread lines and shantytowns. "It now appears...

By Dana Milbank  | April 2, 2008; 5:14 PM ET  |  Permalink  |  Comments (3)
 
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Goofy Characters and Weird People -- Sounds Like a Hearing

International financial markets are in turmoil, gas is pushing $4 a gallon and a recession looms. But don't worry, folks: The House Energy and Commerce Committee is on the case. Yesterday, in unwitting observance of April Fools' Day, the telecommunications subcommittee held a hearing on "online virtual worlds" and...

By Dana Milbank  | April 2, 2008; 11:41 AM ET  |  Permalink  |  Comments (0)
 
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All in All, a G'Day for Hillary

"I need all the sympathy I can get," Sen. Hillary Rodham Clinton confessed early this afternoon. Apparently so. Trailing Sen. Barack Obama in delegates, the popular vote and opinion polls, the New York Democrat chose an unusual shoulder on which to cry -- that of Australia's new prime minister, Kevin...

By Dana Milbank  | March 31, 2008; 2:08 PM ET  |  Permalink  |  Comments (0)
Categories:  Hillary Clinton  
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