CBO: Bailout may expose insolvency of more companies

09/25/2008 | Washington Post (tiered subscription model), The

Peter R. Orszag, director of the Congressional Budget Office, warned Wednesday that the bailout of the financial industry may trigger more failures if other institutions are holding assets with inflated values. However, he said, Congress has no choice but to pass some sort of relief. "If we did nothing, there is a significant risk of another collapse of confidence in the financial markets," he said.

View Full Article in:

Washington Post (tiered subscription model), The

Published in Brief: