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Why don’t they just contractually obligate these guys to lend if they want help, instead of just donating hundreds of billions. Maybe if they go out of business another better run company will step in and loan money. I assume these guys will wiggle out of having to pay back this money. I’m no genius [...]
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Testimony by Secretary Henry M. Paulson , Jr. before the Senate Banking Committee on Turmoil in US Credit Markets: Recent Actions regarding Government Sponsored Entities, Investment Banks and other Financial Institutions Washington, DC--Chairman Dodd, Senator Shelby , members of the committee, thank you for the opportunity to appear before you today. I appreciate that this is a difficult period for the American people . I also appreciate that Congressional leaders and the Administration are working closely together so that we can help the American people by quickly enacting a program to stabilize our financial system. We must do so in order to avoid a ...
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GOLDEN, Colo.âAfter spending most of yesterday on the stump and the airwaves attacking Republican stewardship of the economy and promising more financial heartache under John ...
Washington, DC-- The following statement was made by Treasury Secretary Henry M. Paulson, Jr, Federal Reserve Chairman Ben Bernanke and FDIC Chairman Sheila C. Bair: Today we are taking decisive actions to protect the U.S. economy, to strengthen ...
