The Wall Street Protection Bankruptcy Plan

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At the White House this morning, President Bush stood with the Treasury Secretary, the head of the Federal Reserve and the Chair of the Securities and Exchange Commission. He described this "pivotal moment for America's economy" as one which had begun in the credit and subprime-mortgage markets only to "spread throughout our financial system." Time magazine says Washington is preparing the "mother of all bailouts" in an article written by Justin Fox.

Credits

Guest:
Justin Fox - Economics Columnist, Time magazine

Host:
Warren Olney

Producers:
Frances Anderton, Katie Cooper, Christian Bordal