Friday, September 19, 2008

Dodd & Shelby of Senate Banking Committe Discuss Bailout: "One Trillion"

Here's the Video of Senators Chris Dodd (D - Ct) and Richard Shelby (R - Al) on Good Morning America, as they discuss the gigantic bailout of the U.S. Financial system.

As of today, bailouts or special facilities have been created for these entities:

- Bear Stearns
- Economic Stimulus progam
- Bad Mortgage Bailout Program
- Fannie & Freddie
- "No More Short Selling" rules
- Fed liquidity programs (Term Lending facility, Term Auction facility)
- Money Market fund insurance program
- Special Loans for GM & Ford

We're not alone in wondering what Our Leader, Comrade Paulson, has in mind for us next week.

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