Carpocalypse
A new report by the Congressional Oversight Panel — an independent, yet totally powerless, group appointed by the Senate to review the results of the recent government bailouts — states that we'll get a few bucks back from the automakers, but shouldn't count on it to cover our car payments:
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anger
While we were concentrating on other things (Snuggie testing, for example), there has apparently been something of a backlash going on against
NPR's Planet Money podcast for its rude treatment of Congressional Oversight Panel Chair
Elizabeth Warren. NPR's Adam Davidson has since
expressed regret that he talked over Ms. Warren in a rude way — but despite the mea culpa, a series of links about the issue has popped up in our inbox more than a week later.
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circuit city
David wrote a very angry letter to Circuit City's CEO. The CEO responded, and used the letter as a learning point in his next staff Town Hall meeting, making David angrier than ever.
credit cards
Reader Jaime alerts us to an interesting interview from Fresh Air on NPR. In the interview Harvard Law Professor and credit card industry expert
Elizabeth Warren dishes on abusive lending practices, the ever-malleable interest rate, universal default and all that fun stuff.
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Consumerist
According to Friend-of-the-Blog and now chairwoman of the Congressional Oversight Panel examining the Troubled Asset Relief Program, Elizabeth Warren, our Treasury Department overpaid banks by as much as 30% for their assets.
"There may be good policy reasons for overpaying," Ms. Warren said. "But without a clearly delineated reason, we can't know." [NYT]
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resistance is futile
