Update on Financial Rescue Plan

Secretary Paulson spoke to reporters and answered questions about the use of $700 billion authorized by Congress in response to the… read more

Secretary Paulson spoke to reporters and answered questions about the use of $700 billion authorized by Congress in response to the financial and economic crisis. In his remarks he outlined several changes that would recast the federal role in assisting financial institutions. He said that the funds would no longer be used to buy troubled assets, but would aid banks and other firms that issue student, auto and credit card loans. He also characterized the current credit market as troubled saying it had “for all practical purposes ground to a halt.” close

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

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Update on Financial Rescue Plan

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Program ID:
282372-1
Category:
News Conference
Format:
News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Nov 12, 2008
Last Aired:
Nov 13, 2008

Airing Details

  • Nov 12, 2008 | 10:35am EST | C-SPAN 2
  • Nov 12, 2008 | 2:42pm EST | C-SPAN 1
  • Nov 12, 2008 | 9:01pm EST | C-SPAN 1
  • Nov 13, 2008 | 12:54am EST | C-SPAN 1
  • Nov 13, 2008 | 6:11am EST | C-SPAN 1
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