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A Project of The Annenberg Public Policy Center

The Bailout Bill?

Does the financial regulatory bill put an end to taxpayer-funded bailouts? Or does it "institutionalize" them? Viewers of the Sunday political talk shows and recent C-SPAN clips from the Senate floor might well be wondering, as Democrats (the "end of bailouts" crowd) and some Republicans (the "institutionalize" camp) have made these contradictory claims.
No piece of legislation can guarantee that a future Congress won’t allow the federal government to prop up a failing financial institution. But claims that this bill makes taxpayer-funded bailouts a permanent fixture are misleading,

Executive Payola

The Democratic Congressional Campaign Committee has unleashed a radio ad campaign targeting five Republican members of Congress. The ads claim that the Republicans "voted to allow the big banks to pay high-rolling executives unchecked compensation and bonuses." But that’s not quite right.

The ads are not based on any explicit vote for "unchecked compensation and bonuses." Rather, the Democrats are referring to Republican votes against H.R. 4173, the Wall Street Reform and Consumer Protection Act,