At Least the Request Was “Transparent”

In the season of the perpetual bailout it’s become almost impossible to tell what qualifies as “acting quickly to address the worst financial crisis since the Great Depression,” and what’s wildly beyond the pale. But I’m pretty sure this shouldn’t have happened:

Top banking regulators were taken aback late last year when a California congresswoman helped set up a meeting in which the chief executive of a bank with financial ties to her family asked them for up to $50 million in special bailout funds, Treasury officials said.

Maybe Congress can rollover Cohee’s request to fit within the framework of the stimulus or the budget or the second stimulus that Nancy Pelosi says is “in the cards.”