No Word on Other Options for Detroit Bailout
Jul 31, 202047K Shares626.9K Views
Check out this exchange between reporters and White House spokeswoman Dana Perino this morning after Perino announced that the White House “will consider” using funds from the Wall Street bailout to help Detroit:
“„PERINO: We’re going to weigh all options. I mentioned TARP, as that’s been something that you all have been asking about for weeks. And it’s just one of the options that’s out there, sure.
“„REPORTER: Can you describe the other options?
“„PERINO: No.
“„REPORTER: Is the Federal Reserve — cash from the Federal Reserve an option?
“„PERINO: I don’t know.
“„REPORTER: Will the decision be made this week? I mean, it’s Friday today. Or is next week –
“„PERINO: I don’t know.
It makes you think that the White House was the only player in this saga that didn’t prepare for the inevitability that the Detroit bailout would fail the Senate.
Rhyley Carney
Reviewer
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