Velázquez: Here is your money, and by the way I trust you?
- 00:07:08
- YouTube
Velázquez: Here is your money, and by the way I trust you?
On November 18, 2008 the Financial Services Committee held an oversight hearing on the implementation of the Emergency Economic Stabilization Act of 2008 (which created the Troubled Asset Relief Program (TARP) program) and related initiatives taken by the Federal Reserve Bank and the FDIC in response to the turmoil in domestic and global financial markets. Testifying were Secretary Paulson, Fed Chairman Bernanke, and FDIC Chairwoman Bair. Rep. Velázquez says to Sec. Paulson, "its just not enough to say to the banks, here is your money and by the way I trust you...you hear my frustration." Watch the full archived hearing here: http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr111808.shtml
YouTube | November 19, 2008
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