Interest Rate Roundup

Tuesday, November 18, 2008

House testimony from Bernanke, Bair, Paulson

Wondering how the TARP bailout program is going? Well, Fed Chairman Ben Bernanke, FDIC Chairman Sheila Bair, and Treasury Secretary Henry Paulson are testifying on the subject right now before the House Committee on Financial Services. The name of this hearing is somewhat weighty: "Oversight of Implementation of the Emergency Economic Stabilization Act of 2008 and of Government Lending and Insurance Facilities; Impact on Economy and Credit Availability."

You can read Bernanke's comments here and Paulson's comments here. Bair's testimony is available here.


  • The Financial Services Hearing that concluded this morning showed a distinctly defensive Treasury Secretary. Whether he takes the comments and feedback by the committee seriously and is able to make changes to his rescue plan remains to be seen...and in all likelihood seems difficult to imagine.


    By Anonymous Anonymous, at November 18, 2008 at 1:23 PM  

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