U.S. Credit Markets and Federal Rescue Plan

Witnesses testified about recent turmoil in the financial markets, regulation of investment banking procedures, and on the need to enact… read more

Witnesses testified about recent turmoil in the financial markets, regulation of investment banking procedures, and on the need to enact legislation quickly on the Bush Administration $700 billion bailout plan. They also talked about predictions that failure to act would result in recession with increased home foreclosures and unemployment. Committee members expressed reservations over government intervention in private markets, the sweeping powers to be given to the Treasury Secretary, the burden put on taxpayers, and the lack of time before Congress recesses for further consideration of the plan. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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U.S. Credit Markets and Federal Rescue Plan

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Program ID:
281281-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Sep 23, 2008
Last Aired:
Sep 24, 2008

Airing Details

  • Sep 23, 2008 | 9:31am EDT | C-SPAN 3
  • Sep 23, 2008 | 9:31am EDT | C-SPAN 1
  • Sep 23, 2008 | 12:29pm EDT | C-SPAN 2
  • Sep 23, 2008 | 3:13pm EDT | C-SPAN 3
  • Sep 23, 2008 | 7:54pm EDT | C-SPAN 2
  • Sep 24, 2008 | 2:06am EDT | C-SPAN 1
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