Sunday, 21 September 2008

Behind Closed Doors, Warnings of Calamity

By CARL HULSE and DAVID M. HERSZENHORN
Published: September 19, 2008
WASHINGTON —
Gathered in the conference room just off House Speaker Nancy Pelosi’s personal suite on the second floor of the Capitol, the Congressional leadership had just received the sobering news Thursday night that America’s economy remained in peril despite a series of sudden interventions by the
Federal Reserve.
Brendan Hoffman for The New York Times
Senator Christopher J. Dodd met with members of his staff on Friday. He was in the meeting Thursday night when Treasury Secretary Henry M. Paulson Jr. and Fed Chairman Ben Bernanke unveiled a plan to use billions in dollars to buy bad debt.
Then the other shoe dropped. Treasury
http://www.nytimes.com/2008/09/20/business/20cong.html?ref=us


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