Bailout: What lawmakers heard - Sep. 19, 2008
source: http://money.cnn.com/2008/09/19/news/economy/what_lawmakers_heard/index.htm?postversion=2008...
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NEW YORK (CNNMoney.com) -- Somber. Sobering. Warnings of an economic "meltdown."
That's how participants described an emergency meeting held Thursday night between leaders of Congress and Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.
The meeting was followed by an announcement from Paulson that he was preparing a far-reaching program - on a scale seen rarely in American history - to intervene in the shaky financial markets.
That's how participants described an emergency meeting held Thursday night between leaders of Congress and Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.
The meeting was followed by an announcement from Paulson that he was preparing a far-reaching program - on a scale seen rarely in American history - to intervene in the shaky financial markets.
