Bernanke, Paulson Face Tough Audience
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Key lawmakers are ignoring a warning by the Federal Reserve chairman, Ben Bernanke, that “absent a plan,” the financial markets will worsen.
Most members of the Senate’s Banking Committee yesterday told Mr. Bernanke and Treasury Secretary Paulson, who had come to Congress seeking $700 billion in bailout money, either that they disapproved of a bailout in general, or that they were against the one the Bush administration was pitching.
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