TITLE

Treasury And The Fed: Beyond Crisis Management

AUTHOR(S)
Crook, Clive
PUB. DATE
September 2008
SOURCE
National Journal;9/20/2008, p27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the efforts of the Treasury Department and the Federal Reserve Board to address the financial crisis in the U.S. Explaining his decision to let Lehman Brothers, one of the world's leading investment banks, collapse, Treasury Secretary Henry Paulson Jr. assured the country that the financial system was intact and secure. The next day, Paulson and Ben Bernanke, chairman of the Federal Reserve Board, announced an $85 billion initiative that amounted to the nationalization of American International Group.
ACCESSION #
35863096

 

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