Big WWF Match Between FDIC And Fed At Congress Hearings
November 18, 2008 by Douglas A. McIntyreHank Paulson and FDIC chief Sheila Bair got into a fight over how the $700 billion bailout package should be used. Congress had a ring side seat.
A little color from MarketWatch:
"The root cause of the current economic crisis [is] the failure to deal effectively with unaffordable loans and unnecessary foreclosures," Bair said to lawmakers at a House Financial Services Committee TARP oversight hearing.
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