President Bush: We must restore confidence in the financial system

Speaking to reporters in the Rose Garden President George W. Bush, joined by the Chairmen of the Federal Reserve Board and the Securities and Exchange Commission Ben Bernanke and Chris Cox and the Secretary of Treasury Henry Paulson, speaks about government action in financial markets. Bush explains the current economic crisis and steps that the U.S. government is taking or plans to take to restore balance, liquidity, and investor confidence to the market. (9:04)
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Why was the referee taken off the field?

Rep. Steny Hoyer (D-Md.) explains about upcoming congressional hearings into the recent government bailouts of large financial companies. (0:39)
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Who's next? Starbucks?

Rep. Michelle Bachmann (R-Minn.) says that government bailouts to financial companies were rationalized as those companies being "too big to fail." (0:42)
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Socializing risk

Rep. Tom Fenney (R-Fl.) says that recent government bailouts in the financial sector are socializing market risk while profits stay on Wall Street. (0:30)
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