“We feel a great obligation as responsible stewards of their money,” Assistant Treasury Secretary Herbert Allison Jr. says, adding that the Treasury is committing every effort to ensuring an ample return for taxpayers for their lending to TARP. (0:18)
Congressman Jim Cooper (D – TN) compares Lehman Brothers’ investment risks to gambling. Dr. Luigi Zingales of the University of Chicago explains the consequences of the bailout down the line. (01:00)
At joint hearing of the Subcommittee on Federal Management and the Subcommittee on Oversight of Government Management, Senator McCaskill (D-MO) describes the state of government contracts in Iraq. She points out the repetition of mistakes made in previous engagements, namely Bosnia, and encourages greater vigilance and responsibility. (1:07)
