Daily Archives: March 24, 2009

John Gapper

Perhaps it was just me, but I thought I detected a note of regret at this morning’s session of the House of Representatives financial services committee about the House’s rush last week to tax 90 per cent of bonuses at institutions that have taken public funding.

The main business of the session was to grill Ben Bernanke, chairman of the Federal Reserve, and Tim Geithner, Treasury secretary, on matters including the AIG bonuses and their request to be granted more authority to seize and wind down insolvent non-banks. Read more