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General News 4/12/2011 at 5:36 PM EDT H4'ed 4/12/11

Taibbi on a Fed Bailout the Business Press Buried

Quicklink Submitted By Sheila Samples 1 comment

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Sheila Samples

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It's a real story when the wife of a bailed out Wall Street bank's CEO and her pal get $220 million in loans from the Federal Reserve to invest in toxic assets. Why did Christy Mack and Susan Karches suddenly make huge, arcane vulture-capital gambles with taxpayer money when they had no apparent prior experience?

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At www.cjr.org

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Bailout Profiteers; Bailout Rip-off; Business-Economics; Morgan Stanley; Taibbi, Add Tags

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