Interest Rate Roundup

Tuesday, September 23, 2008

Bernanke, Paulson Senate testimony continues

I've been following the Senate Banking Committee testimony of Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson all day, so my posting has been minimal. But if you want to see their prepared statements, you can click here (Bernanke) and here (Paulson).

In general, Congress appears reluctant to just give Paulson the blank check he is looking for. There are also a lot of questions about the way the government will determine what to pay -- and how the prices it does pay will impact other institutions. I'm also hearing questions about why taxpayers aren't getting more for their money (i.e. warrants or some kind of vehicle for them to profit if bailout banks eventually recover).


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