Paul Kanjorski

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Rep: Recession Victims Not Minorities, But 'Good Americans'

Dem Kanjorski comments spark uproar

(Newser) - Pennsylvania's Democratic Congressman Paul Kanjorski is under intense fire for remarks contrasting "minorities" and "good American people." People helped by a Pennsylvania foreclosure prevention program "are not minorities, and they're not defective, and they're not all the things you like to insinuate that these programs are... More »

Geithner Swinging in Wind After Fed Drops AIG Ball

Treasury says Fed kept them in dark, despite sec's previous role

(Newser) - Officials at the Fed knew about AIG's plan to award $165 million in bonuses for months but failed to tell the Obama administration, reports the Washington Post. Treasury Secretary Tim Geithner said this week he was "stunned when I learned how bad this was"—belatedly on March 10—... More »

Automaker Bankruptcy Would Be 'a Disaster': Frank

Debate rages on auto bailout

(Newser) - The CEOs of the Big Three are back on Capital Hill this morning testifying before the House Financial Services Committee, and Barney Frank at least seems sympathetic. The chairman said bankruptcy “would be a disaster,” given the current credit markets and today’s dire job report, adding that... More »

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