Paulson And Bernanke Testify On Oversight Of The Economic Stabilization
(L-R) U.S. Treasury Secretary Henry Paulson, Federal Reserve Bank Chairman Ben Bernanke and Federal Deposit Insurance Corporation Chairman Sheila Bair testify before the House Financial Services Committee on Capitol Hill November 18, 2008 in Washington, DC. Facing tough questions from Congress, Secretary Paulson said the crisis on Wall Street has changed since the $700 billion bailout was first passed by Congress and he now wants to use the money to directly shore up banks instead of buying up bad loans.
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