The Paulson Bail-Out Plan is Mortgage Fraud on Historic Scale?
Politics / Credit Crisis Bailouts Sep 23, 2008 - 03:48 PM
By: Richard_C_Cook

The $750 billion banking system bailout proposed by Secretary of the Treasury Henry M. Paulson met with a cool reception on Capitol Hill this morning at a hearing of the Senate Banking Committee. Nevertheless, a bill is likely to pass both houses of Congress within the next couple of weeks. As Senator Tim Johnson (D-SD) said, it's “a necessary evil.â€