Episode - Should Taxpayers Take On The Bad Housing Debt?
After weeks of defending failing financial institutions, the Bush Administration and Congressional leaders are going on the offensive. Treasury Secretary Henry Paulson says the federal government is writing a plan to cover the bad housing debt which caused the crisis. President Bush warned the plan will put a 'significant' amount of taxpayer funds at risk, but that it's necessary to keep the financial system from grinding to a halt. The Wall Street Journal calls it the biggest intervention in financial markets since the 1930s. Is this the beginning or the end of the financial crisis? The imme
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KUOW 94.9 The Conversation with Ross Reynolds
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Last update: Wed Nov 19 12:14:20 -0800 2008
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