Detailed text transcripts for TV channel - FOXNEWS - 20120910:11:17:00
Professor of international business at the university of maryland. good morning to you. >> good morning. >> steve: we've heard the president and his party take credit for saving the financial system, but that simply is not true. he didn't do it, did he? >> no, he didn't. most of the steps that were taken to deal with the crisis were taken by the bush treasury department, secretary paulson, the tarp was created before the election. by the federal reserve, which took action with regard to bear & stearns, citigroup and other banks. all that was put in place before the president took the oath of o...