$700 billion question: Why rush?

Clark, Ken
October 2008
Home Channel News;10/6/2008, Vol. 34 Issue 13, p8
The author reflects on the proposal of U.S. Department of the Treasury Secretary Henry M. Paulson on the $700 billion grant of power with no judicial review. The author infers that the Treasury Secretary, who is calling for the bailout, has not presented an admirable record in expecting the effects of government bailouts and intervention. He suggests that the legislation has to be crafted in a way to prevent the recklessness that got the economy into mess.


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