From politicalticker at CNN:
At a time when the former Alaska governor appears to be shrinking from the spotlight, Minnesota Rep. Michele Bachmann is stepping up as yet another favorite daughter of the conservative movement.
In recent television appearances, political activities and speaking engagements, Bachmann has matched Palin’s slams against President Obama and garnered seemingly equal affection from conservative activists.
But it remains to be seen whether embarrassing and highly publicized gaffes will affect her presidential chances.
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There will be no worries about regifting in the financial sector this year! Just in time for Christmas, Santa Paulson has presents for banks, no matter if they have been naughty or nice! From The Washington Post:
The financial world was fixated on Capitol Hill as Congress battled over the Bush administration’s request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.
But corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.
The story of the obscure provision underscores what critics in Congress, academia and the legal profession warn are the dangers of the broad authority being exercised by Treasury Secretary Henry M. Paulson Jr. in addressing the financial crisis. Lawmakers are now looking at whether the new notice was introduced to benefit specific banks, as well as whether it inappropriately accelerated bank takeovers.
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