 Treasury Secretary Henry Paulson and Chairman of the Federal Reserve Ben Bernanke fielded questions from the Senate Banking Committee today. Paulson and Bernanke were joined by Christopher Cox, chairman of the SEC, and Jim Lockhart, overseer of the Housing Sector . The four urged the Committee to pass legislation allowing the Treasury to spend up to $700 billion to bailout investment banks by purchasing their "illiquid debt".
Henry Paulson, Ben Bernanke, Christopher Cox, and James Lockhart testify to the Senate Banking Committee. Treasury Secretary Henry Paulson and Chairman of the Federal Reserve Ben Bernanke fielded questions from the Senate Banking Committee today. Paulson and Bernanke were joined by Christopher Cox, chairman of the SEC, and James Lockhart, director of the Federal Housing Finance Agency . The four urged the Committee to pass legislation allowing the Treasury to spend up to $700 billion to bailout investment banks by purchasing their "illiquid debt".
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Henry Paulson, Ben Bernanke, Christopher Cox, and James Lockhart testify to the Senate Banking Committee.
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Jim Lockhart, overseer of the Housing Sector
James Lockhart, director of the Federal Housing Finance Agency