Paulson and Bernanke Grilled on the Bailout
On Tuesday, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke faced a lineup of vexed, perplexed and otherwise agitated members of Congress, including Reps. Barney Frank, Ron Paul and Nydia Velazquez, all eager to ask some serious questions about the infamous bailout.
On Tuesday, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke faced a lineup of vexed, perplexed and otherwise agitated members of Congress, including Reps. Barney Frank, Ron Paul and Nydia Velazquez, all eager to ask some serious questions about the infamous bailout.
YouTube:
Clip 1: Massachusetts Rep. Barney Frank makes some opening remarks to Paulson and Bernanke:
Clip 2: New York Rep. Nydia Velazquez asks some pointed questions about foreclosures:
Clip 3: Ohio Rep. Steven LaTourette asks some more local questions:
Clip 4: Texas Rep. Ron Paul tells Bernanke he’s not satisfied with the “so-called solutions” being offered thus far:
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Editorial Cartoons
Editorial Cartoons
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
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