Henry "The Surge Is WORKING" Paulson: No more major financial institutions will fail during crisis

[Amerigo Vespucci]

Paulson Says Major Financial Institutions Have Stabilized

Treasury Secretary Henry Paulson says he doesn't expect any more major financial institutions to fail.

http://www.foxnews.com/politics/2008/12/16/paulson-says-major-financial-institutions-stabilied/

WASHINGTON -- Treasury Secretary Henry Paulson said Tuesday that he does not expect any more major financial institutions to fail during the current credit crisis.

Paulson also said he has no plans to ask Congress to make the second half of the $700 billion financial rescue fund available before the Bush administration leaves office on Jan. 20.

In an interview on CNBC, Paulson said he believes the actions taken by financial authorities in the U.S. and other countries will allow all the systemically important institutions to remain viable.

The administration has obligated almost all of the first $350 billion in the financial rescue package approved by Congress on Oct. 3. There had been speculation that the Bush administration would ask for approval to begin using the second $350 billion in the bailout bill before leaving office.

[readmoreoften]

1. Why, did the naked short-sellers finally make enough money to satisfy their cash craving?

:sarcasm:

[thewiseguy]

2. Why do I have a bad feeling about this?

[sarcasmo]

3. Biggest theft in American History.

[FreakinDJ]

4. No - only working Americans will lose every thing

Thanx Fuck-Head

[kurt_cagle]

5. Paulson should stop making predictions

He has not made one prediction since his appointment that has in fact actually happened, and typically, when he DOES make a prediction, he is proven wrong within days. I figure CitiGroup is about to go ... any ... day ... now.

[dysfunctional press]

6. do we ever get any kind of actual accounting as to where all our money was spent?

and EXACTLY what EVERY PENNY of it was used for...? :shrug: