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Witnesses at the Senate Banking hearing on Pres. Bush's financial bailout plan included: Treasury Sec. Henry Paulson; Fed. Reserve Chairman Ben Bernanke; SEC Chairman Christopher Cox; and OFHFA Chairman James Lockhart III.
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U.S. Treasury Secretary Henry Paulson speaks with "Face The Nation" host Bob Schieffer about the current state of the economy and the controversial decision to assist Fannie Mae and Freddie Mac.
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The $200 billion government takeover of Freddie Mac and Fannie Mae is intended to keep the economy from collapse, Thalia Assuras reports. Harry Smith talks to U.S. Treasury Secretary Henry Paulson.
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2008 Independent Presidential Candidate Ralph Nader reads an open letter to Secretary of the Treasury Hank Paulson for his role in the swindling of our tax dollars with the 700 billion dollar bailout to the Wall Street crooks.
Nader sincerely requests Hank to pitch in and ease the burden on the taxpayer.
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