Lawmakers Blast Handling of Bailout

Lawmakers Blast Handling of Bailout
In House Hearing, Paulson Defends Response to Fast-Moving Crisis
Paulson: Preserve Flexibility in Bailout
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke waged a stout defense on Capitol Hill Tuesday of their management of a $700 billion financial bailout.
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By Neil Irwin
Washington Post Staff Writer
Wednesday, November 19, 2008; Page A01
Lawmakers accused Treasury Secretary Henry M. Paulson Jr. yesterday of haphazardly managing the $700 billion financial rescue, as fault lines widened over what the government should try next to contain the fallout of the financial crisis.