COPs on the job! Coming to the rescue...sort of...we think?
Last week, when the world was abuzz over the expletive-laden discourse Rod Blagojevich had engaged in over a vacant U.S. senate seat, a terrifying news story happened concurrently that was relegated to the sidelines, if noted at all by the news media. I’m talking about the release of the first Congressional Oversight Panel (COP) for Economic Stabilization. You can download the report here . The COP report opens immediately with the acknowledgement that the four members of the panel are not necessarily working in sync. And you don’t have to get far into the report to come to that conclusion: on page two of the report, it’s clear that Representative Jeb Hensarling (R-Dallas) does not approve of this report. In a press release filled with vagueness, Hensarling tries to explain his opposition to the report. He states his goal is “to do whatever I can to ensure that [TARP] works.” And right now, the action he is taking is to vote against the first COP report. I read his brief...