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Bailout debate urges reset to roots of crisis
The discussion favors a $700 billion financial bailout but argues Congress should reassess causes, limit government intervention, and address mortgage origins, rating failures, and fair value rules. It notes Fannie Mae, Freddie Mac, and risky assets contributed to the collapse, urging a purge of moral hazard.
MENTIONED IN THIS ARTICLE
House of Representatives
Senate
House
Congress
Treasury
Henry Paulson
Fannie, Mae
Freddie,Mac
Securities and Exchange Commission