Detailed text transcripts for TV channel - MSNBC - 20190114:02:27:00
Collapse. the stock market plummets. panic spreads and another great depression seems imminent. >> we're in the midst of a serious financial crisis. and the federal government is responding with decisive action. >> congress establishes the troubled asset relief program, or t.a.r.p. in october 2008, authorizing 700 billion dollars in taxpayer money to bail out the countries financial institutions. at the same time congress creates a commission to watch over the program and to study possible regulatory reforms. >> the motion is adopted. >> professor elizabeth warren is tapped for the job. >> i'm...