Treasury Department defends funding healthy banks

Neel Kashkari, the Interim Assistant Secretary of the Treasury for Financial Stability, defends the Treasury Department's decision to fund healthy banks, comparing it to an individual who receives a stimulus check being more likely to spend it if they are in a healthy financial condition. Karshaki goes on to say that this decision is imperative to bringing confidence back to the credit market (0:27).
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Paulson claims unpopular decisions were necessary to save the free market

Treasury Secretary Henry Paulson says that although he has been a part of decisions that he would describe as 'objectionable' , they were necessary to preserve the free market system (0:23).
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More regulation cannot stop market cycles, but can help, says Treasury Secretary

Treasury Secretary Paulson says that more regulation is not the answer and cannot prevent market "disruptions," but he suggests a more flexible approach will allow better protection of consumers and investors, and allow U.S. markets to continue to be competitive. (0:37)
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Financial regulatory changes not reaction to current troubles, says Secretary Paulson

Treasury Secretary Paulson says that the new Blueprint for Regulatory Reform are not reactions to current troubles and should not be implemented hastily, but instead reflect long-term concerns and should be thoughtfully implemented. (0:33)
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Secretary of Treasury Henry Paulson Discusses Taxes During Senate Committee on Finance Hearing

Secretary of Treasury Henry Paulson offers his opinion that America should not raise taxes during this morning's Senate Committee on Finance hearing. (0:30)
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Senator Max Baucus (D-MT) Argues That President's Goal for Achieving Surplus Is Unrealistic at Senate Committee on Finance Hearing

Senator Max Baucus (D-MT) argues that the Bush Administration's plan for having the economy achieve surplus by 2012 is unrealistic during today's Senate Committee on Finance hearing. The hearing questioned President Bush's budget proposal for the fiscal year 2009. (0:59)
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