Dodd, Shelby show skepticism
(NEWSER) - Ben Bernanke and Henry Paulson implored Congress to swiftly pass a $700 billion bailout bill today, as they testified before the Senate Banking Committee. But there was an air of skepticism in the room. Chairman Chris Dodd’s introduction was noticeably prickly, and ranking Republican Richard Shelby was outright hostile, saying the plan rescued “the same financial institutions that created this crisis with their sloppy underwriting and reckless disregard for the risks.” More»
