In a piece that told readers that the financial markets will force Congress and President Obama to resolve the debt ceiling dispute the NYT told readers that such market pressure had forced the passage of the TARP:
"There are precedents for such a denouement. After the House rejected initial legislation authorizing the bank bailout known as the Troubled Asset Relief Program during the financial crisis in late September 2008, the Dow Jones industrial average plunged more than 700 points in one...
Published on October 03, 2013 02:44