Feinstein's Husband Cashes in on Crisis: On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms, the WashingtonTimes reported on Tuesday.
Backdoor Nationalization: Just when you think the political class may have learned something in months of trying to fix the banking system, the ghost of Hank Paulson returns to haunt the Treasury. The latest Beltway blunder -- and it would be a big one -- is the Obama Administration's weekend news leak that it may insist on converting its preferred shares in some of the nation's largest banks into common equity.
The States Strike Back: Last week, Governor Rick Perry (R-TX) fired a warning shot across the federal government's bow with his polite reminder that Texas could always secede from the Union. He also endorsed a resolution affirming the Tenth Amendment that has gained traction in several states, increasing the public momentum in favor of returning power to the states.
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