3.16.2008

But not what it takes, bunky...


The treasury chief sidestepped questions about what would have happened if the Fed had not ridden to the rescue, whether other firms are on shaky ground and the possibility of additional bailouts similar to Bear Stearns'.



At the same time, however, Paulson sought to send a calming message that the administration is on top of the turbulent situation. "The government is prepared to do what it takes to maintain the stability of our financial system," he said. "That's our priority."

[From Paulson: Govt will act to aid economy - Yahoo! News]

...to bail you out if your home is on the line. So you might as well just take your $megabazillion severance package and...


...oh. You don't have one of those either? Ain't that a shame.



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