Stories for Sept. 17, 2008

The Fed's intervention in AIG: possibly a stroke of genius by the White House

Wed, Sep 17, 10:16 a.m.

By Eugene Carlson

"Make no mistake," as the politicians like to say. They'll be discussing, and debating, the AIG takeover for the rest of all our lives, and beyond. The past two weeks, beginning with the takeover of Fannie and Freddie, mark a cornerstone in U.S. economic history. And it ain't over, though it's just possible that this marks the high-water mark.

The murky dealings of Brightwater

Wed, Sep 17, 3 a.m.

By Daniel Jack Chasan

King County officials allocated money from the massive Brightwater sewage-treament project to fund mitigation in Snohomish County and to help a business in the vicinity of the facility relocate. That's illegal, say plaintiffs in a lawsuit. If they win, King County will take a sizable financial hit, calling the very nature of its leadership into question.