Ben Bernanke

Paulson: “We Must Take Decisive Action” 

Making his case before members of the Senate Banking Committee on Tuesday, Treasury Secretary Henry Paulson said that the U.S. government’s prior “case-by-case basis” approach to managing the current housing and credit crisis is clearly no longer sufficient, and suggested that a plan he and Congressional leaders are now hashing out will be critical to resolving much of the global financial crisis.