Deputy Treasury Secretary Justin Muzinich has an increasingly prominent role. He still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions.
by Justin Elliott , Lydia DePillis and Robert Faturechi
A section of the HEROES Act championed by Virginia Democrat Gerry Connolly would cover executive compensation and other perks for defense and intel contractors. The legislation’s wording mirrors what an industry group proposed.
Experts from across the political spectrum fear that the Federal Reserve’s new Main Street Lending program won’t reach enough businesses or save enough jobs.
The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.
