Stories tagged with "ben bernanke"
Paulson and Bernanke ratchet up the blackmail talk
Posted by Jerome a Paris on September 24, 2008 - 10:45am in The Oil Drum: Europe
Topic: Economics/Finance
Tags: bailout, ben bernanke, central bank, finance, hank paulson, original [list all tags]
Paulson, Bernanke Tell Lawmakers Urgent Action Needed on Treasury Plan
WASHINGTON -- U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged swift action on a Treasury Department plan to buy illiquid mortgage-linked securities and avoid severe spillover effects on the economy.
Mr. Paulson cautioned lawmakers against letting the plan get bogged down in a debate over unnecessary additions.
"Unnecessary additions" - things like accountability, transparency, making sure that the crisis does not happen again, and making sure that it solves the underlying problem. But nope, no "bogging down"...


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