Paulson & Big 3 Thinking

paulsonTreasury will end up using TARP funds, but they hoped Congress would step up and cover a auto bailout/rescue.

Senators played chicken. Asian markets took a dive and Europe followed.

Dow fell 200 points in minutes and Paulson thought, “If it keeps falling, so goes financial stocks, and I’ll be rescuing more banks this weekend like I did for Citibank.”

via NPR: Big 3 Look To White House.

My comments on the recent developments with the White House and automakers.

“Aim for Answers”


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