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Prudent rescue or Wall Street bailout?

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Apr. 3 - The rescue of Wall Street giant Bear Stearns is now in the spotlight on Capitol Hill as lawmakers question deal. The collapse and forced sale of Wall Street giant Bear Stearns exposed the dangerous interconnection of financial markets and faulty oversight, raising more questions on Capitol Hill examine the deal. Speakers: Senate Banking Committee Chairman Christopher Dodd SEC Chairman Christopher Cox Treasury Undersecretary Robert Steele Deborah Lutterbeck reports.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ReutersVideo

Length: 01:49
Rating: 4.83
Views: 2493

Tags: banking  Bear  Bernanke  business_GF  committee  Reuters  Senate  Stearns  

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fuhmeregan (November 30, 1999 at 12:00 am)
All your senators are in medium or large part connected to the companies being bailed-out (shareholders and or in need of campaign or covert monies). Bank of America, JPMorgan Chase and small banks around the country could easily have provided the capital to continue the country's economic needs. AIG, wamu-Fishman-israeli boy etc. should have been let die in the ditch for fucking the common man, who's spending and collective taxes "are" America. Both your Dems and Repubs fucked you. Regulate!!!
303iz4uNme (November 30, 1999 at 12:00 am)
Hey hey you SHOULD SUPPORT a goverment BAILLOUT then change your mind at the last minute just to piss em off HAHAHA
alphaursus (November 30, 1999 at 12:00 am)
By the way, the bill will pass and there is nothing we can do about it. Politicians love their power and special interest money and do not really care about you! But who do we vote into office next time? The same shit we always do! Now, you just go ahead and Have A Nice Day!
alphaursus (November 30, 1999 at 12:00 am)
Who is rich? The CEO's, the Politicians the Special Interest Groups and Press/Media. Have you noticed that the media has changed the "BAIL OUT BILL" to the "RESCUE BILL"? I think they think that they have over reported this issue because it didn't pass as easy as they figured it would. Everyone from your local politician to your favorite news reporter is acting as if it is the end for you. When in all actuallity they feel it is the end for them. We Po Folk Know How To Survive!
cypris2002 (November 30, 1999 at 12:00 am)
no bailout let it crash let them jump
303iz4uNme (November 30, 1999 at 12:00 am)
democRats suck more than repubs anyday
303iz4uNme (November 30, 1999 at 12:00 am)
i second that
303iz4uNme (November 30, 1999 at 12:00 am)
screw the enconomy
303iz4uNme (November 30, 1999 at 12:00 am)
who is us, and what mess, theres no mess
alphaursus (November 30, 1999 at 12:00 am)
There needs to be a movement in this country. Not a Conservative,Liberal,Gay,Black or any other kind of movement. There needs to be a BOWEL MOVEMENT. We need to get rid of the shit we have in Washington. No, not Bush,Pelosi,Obama,McCain. This situation should be one that we real Americans agree on. It is all the suits in Washington that has gotten us into this and the only way they figure to get us out is to give money to those who have constantly given them money over the years!

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