Tuesday, November 25, 2008


Just a couple of months ago.

Christopher Dodd (D-CT), who leads the Banking, Housing and Urban Affairs Committee, agrees that "doing nothing would be even more disastrous." He says the AIG takeover is "sad and tragic," but he believes it's the beginning of the end for the financial crisis, as long as the root cause — the nation's foreclosure problem — is addressed.

Both senators say they see no more government bailouts on the horizon. No other financial entities in trouble meet the standard of Fannie Mae, Freddie Mac or AIG — "that they would melt down the entire system if they went under," Gregg says.