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Paulson, Bernanke Defend $700 Billion Bailout

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Uploaded by on Nov 18, 2008

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke defended their management of the $700 billion bailout, just one week after the administration abandoned the original strategy behind the rescue. (Nov. 18)

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  • Fuck the FED your plan did'nt do shit

  • the ap is owned by reuters which is owned by the rothschilds who own the central banks. puke.

  • giving $700B as if it was just Seven HUNDRED dollars..

    do these guys really know what they're doing ?

  • Paulson & Bernanke are nothing more than the Cheney & Rumsfeld of economics. The bailout is nothing but a panic scam & is the economic version of WMDs. Instead of an imminent attack from Saddam, it's an imminent economic depression. It's absolute bullshit to think that Fanny Mae & Freddie Mac can account for $700 billion of bad housing debt. As for the Big 3 automakers, they are the slaves of big oil & will never change. If they need a bailout, let them get it from their masters

  • This is kinda like a new 9/11.

    Except we are all being hit.

    If the top 52 bankers faces were put a deck of cards, who would be the 4 "aces" ?

  • Gm is going to get rid of the same 10,000 people it said it would ,even after receiving

    bailout money.

    5 trillion has been spent of bailouts

  • General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

    According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

  • Paulson needs to be hung

  • how well does a bandaid stop niagra falls?

  • Paulson is full of shit. How much will he pocket from the 700 bln dollars??

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