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Congressman Doggett Questions Fed Chairman Bernanke on Bailout

Statement

Date: Oct. 21, 2008
Location: Washington, DC
Issues: Monetary Policy Finance and Banking Economy and Fiscal


On October 20, I returned to Washington to question Federal Reserve Chairman Ben Bernanke and other witnesses at a House Budget Committee hearing about the bailout's implementation. I stated that "Congress has a duty to ensure that the last $700 billion bailout it approved is being used responsibly. Americans would be better served by more accountability, more transparency, and a better return on their substantial investment." Click here to view the video. Earlier, on September 24, I questioned Federal Reserve Chairman Ben Bernanke about the Administration's sudden demand for a taxpayer bailout of Wall Street. Click here to view the video.


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