- Prison Planet.com - http://www.prisonplanet.com -
Treasury Sends to Congress Legislation to Buy Troubled Assets
Posted By admin On September 20, 2008 @ 6:48 am In Featured Stories | Comments Disabled
BLOOMBERG NEWS 
Saturday, September 20, 2008
Sept. 20 (Bloomberg) — The Bush administration has sent to Congress legislation seeking broad power for the U.S. Treasury Department to acquire troubled assets now on the balance sheets of American financial companies.
The legislation was forwarded to congressional leaders in both political parties early this morning. The move comes as Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke are pressing for action from Congress by the end of next week.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/treasury-sends-to-congress-legislation-to-buy-troubled-assets.html
URLs in this post:
 BLOOMBERG NEWS: http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ2aFDx8_idM&refer=home
 Paulson: Troubled assets will not be purchased: http://www.prisonplanet.com/paulson-troubled-assets-will-not-be-purchased.html
 McCain: Paulson and Bernanke Promised that the $700 Billion Troubled Asset Relief Program Would Focus on the Housing Meltdown: http://www.prisonplanet.com/mccain-paulson-and-bernanke-promised-that-the-700-billion-troubled-asset-relief-program-would-focus-on-the-housing-meltdown.html
 Congress Pushes for Changes to Paulson Bailout Plan: http://www.prisonplanet.com/congress-pushes-for-changes-to-paulson-bailout-plan.html
 McCain Adviser: Treasury Doesn’t Need Congress for Bailout: http://www.prisonplanet.com/mccain-adviser-treasury-doesnt-need-congress-for-bailout.html
 Treasury Would Emerge With Vast New Power: http://www.prisonplanet.com/treasury-would-emerge-with-vast-new-power.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.