Chuck Grassley

Goldman Sachs' big discount in underwriting fees for the GM IPO has squeezed the other underwriters in the deal. The banks now stand to make only a fraction of what they would normally rake in for the stock offering.

Former General Electric Co. (GE) Chief Executive Jack Welch, one of the most respected voices in American business, believes the American people should move beyond their outrage surrounding the bonuses paid to some American International Group Inc. (AIG) executives. Chances are that his advice will...