Chief of Staff States Resources to Handle Bank Stress Results are Adequate

by Sabrina I. Pacifici on April 19, 2009

George Stephanopoulos: “White House Chief of Staff Rahm Emanuel said on “This Week” Sunday that he believes the government has enough resources on hand that the Obama administration will not have to go back to Congress to ask for more bailout money for the nation’s troubled banks. Emanuel also said he believes the government will be able to avoid nationalizing troubled banks — something high profile economists, including Nobel prize-winning economist Paul Krugman, have called on the administration to do.”

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