The Emergency Economic Stabilization Act of 2008 commonly referred to as a  bailout of the ... The legislation had its origin in early 2008, Secretary of the  Treasury Henry ..... not just bailing out Wall Street firms: "If we do not take action  to address the crisis ... This is an approach based on the 1990s Swedish banking  rescue.
Oct 3, 2008 ... Treasury Secretary Henry Paulson said he would act swiftly but ... stood in  support of the plan noted that it will help Main Street, not Wall Street.
Oct 3, 2008 ... Congress approves $700 billion Wall Street bailout ... More Republicans  continued to oppose the measure than support it, however. ... The move to rescue  the financial industry came as the United States ... Democrats had said they  would not bring the bill back to the floor unless they were certain of victory.
Sep 13, 2014 ... The passage into U.S. law on October 3, 2008, of the $700 billion financial-sector  rescue plan is the latest in the long ... (Read about how unemployment numbers  affect Wall Street in Surveying The Employment Report.) ... they provided the  money and government support to create tens of thousands of new ...
Jan 4, 2013 ... The federal rescue of Wall Street didn't fix the economy – it created a permanent  ... committing American taxpayers to permanent, blind support of an  ungovernable, .... He even went so far as to say that banks would be denied  funding unless .... In October 2010, Obama signed a new bailout bill creating a ...
Says he did not support the October 2008 legislation to rescue Wall Street firms.