Detailed text transcripts for TV channel - MSNBC - 20131210:15:41:00
The recession could have been a depression, that's according to treasury secretary jack lew. mr. lew said, quote, the economic stakes were high and president obama understood that inaction was not an option. his decision to commit to additional support to gm while requiring them to fundamentally restructure their business was tough, but it was right. now remember that the auto bailout was part of the t.a.r.p. program, the bulk of the funds going to the banks. while the u.s. spent almost $422 billion on bailouts, it's recovered about $433 billion so so far this far in the program, including the...
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