Geithner the fall guy for AIG bonus blow-out

The extraordinary is fast becoming ordinary in Washington.

21st March, 2009

The extraordinary is fast becoming ordinary in Washington.

Last week, the House of Representatives passed a measure to impose punitive tax rates on bonuses paid by companies that received substantial bailout money from the government, while the US Federal Reserve announced a plan to inject another $1 trillion into the effort to stabilise the economy. President Barack Obama, meanwhile, is pulling out all the stops to retain control of the political agenda.

On Tuesday, he will...

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