Big Bailout (3): Government Fixing the Crisis Government Caused
The Senate held hearings to grill Treasury Secretary Paulson and Federal Reserve Chairman Bernanke. . The Administration’s position, presented by Secretary Paulson, is that Congress must immediately provide a way for institutions that hold poor quality mortgage backed securities to dump them. The alternative, say Secretary Paulson and Chairman Bernanke, would be an unthinkable “meltdown” […]
