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TARP Should End, Thune

In an era when legislation routinely exceeds 1,000 pages, the bill introduced by Sen. John Thune yesterday — at seven lines — doesn’t look like much. But looks can be deceptive. If adopted, those seven lines would guarantee the end of the Troubled ...

From JAMES GATTUSO, The Heritage Foundation,  18 Nov 2009

Related Topics: John Thune,  Timothy F. Geithner

AIG: Did Geithner Give Away the Farm?

It’s official: U.S. taxpayers did not get a good deal when they bailed out AIG last year. That was the conclusion of a report released yesterday by Neil Barofsky, the federal government’s special inspector general for TARP. The conclusion is no ...

From JAMES GATTUSO, The Heritage Foundation,  17 Nov 2009

Related Topics: Timothy F. Geithner,  Goldman Sachs,  CBS News,  United States Department of the Treasury,  Megan McArdle

Who’s Watching Fannie and Freddie? Oversight Agency Fires Its IG

Don’t look now, but there’s no independent Inspector General at the Federal Housing Finance Agency — which is responsible for overseeing federally-run finance giants Fannie Mae and Freddie Mac. As reported in the Huffington Post of all places, the ...

From JAMES GATTUSO, The Heritage Foundation,  16 Nov 2009

Related Topics: Fannie Mae,  Freddie Mac,  Barack Obama

Exit Strategy or Entrance Strategy? New TARP Program On the Way

One year and a week after Congress enacted legislation creating the $700 billion “Troubled Asset Relief Program,” the Treasury Department next week is expected to launch its first initiative to buy, well, troubled assets. Odd as it may be, in the year ...

From JAMES GATTUSO, The Heritage Foundation,  7 Oct 2009

Related Topics: United States Department of the Treasury,  Barack Obama,  General Motors,  John Thune

FTC to Regulate Blogger Claims (I was Not Paid to Say This)

“A college student who has earned a reputation as a video game expert maintains a personal weblog or “blog” where he posts entries about his gaming experiences. Readers of his blog frequently seek his opinions about video game hardware and software. As ...

From JAMES GATTUSO, Technology Liberation Front,  6 Oct 2009

The Chicken Littles of Broadband

Is the Internet in clear and present danger? Yes, say proponents of neutrality regulation of the Internet. In a speech last month calling for FCC neutrality regulation, Chairman Julius Genachowski stopped short of quoting Oliver Wendell Holmes, but did ...

From JAMES GATTUSO, The Heritage Foundation,  5 Oct 2009

Related Topics: Federal Communications Commission,  Julius Genachowski

Feds Target Yard Sales

Thinking of having a fall yard sale to clean out some of the clutter from your house? Be careful, or it could get you in trouble with the Feds, and cost you up to $15 million in fines. Its no joke: the Consumer Product Safety Commission has launched a ...

From JAMES GATTUSO, The Heritage Foundation,  25 Sep 2009

Related Topics: Consumer Product Safety Commission

FCC Speech Czar a Myth, FCC Threat to Speech is Real

FCC chair Julius Genachowski has certainly been busy.  This week, of course, he’s been occupied with regulating the Internet.   But last week, he was busy fending off charges on talk radio and elsewhere that the FCC has its very own “speech” or ...

From JAMES GATTUSO, Technology Liberation Front,  22 Sep 2009

Related Topics: Federal Communications Commission,  Julius Genachowski,  Center for American Progress,  Barack Obama

Will (and Can) the FCC Regulate the Internet?

Declaring access to the Internet to be like “running water or the light bulb,” FCC chairman Julius Genachowski declared today that it should be regulated. Specifically, he announced that the Commission will be voting next month on a proposal to impose ...

From JAMES GATTUSO, The Heritage Foundation,  21 Sep 2009

Related Topics: Federal Communications Commission,  Comcast,  Julius Genachowski,  AT&T Inc.

FCC “Speech Czar”? No, But That’s Not the Problem

Does the Federal Communications Commission have a “speech czar”? That was the question before Julius Genachowski yesterday, as he testified for the first time before Congress as FCC chairman. At issue was the appointment of ex-journalist Mark Lloyd to ...

From JAMES GATTUSO, The Heritage Foundation,  18 Sep 2009

Related Topics: Federal Communications Commission,  Julius Genachowski,  U.S. Congress,  Barack Obama,  Center for American Progress

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