Henry Paulson

Treasury Secretary Hank Paulson said yesterday he would do whatever it takes to lift the economy. This latest rescue move is the first time both the Treasury and Fed have teamed up to lend a helping hand directly to consumers.

Following Treasury Secretary Paulson’s announcement of a $250 billion infusion into the nation’s banks yesterday, the market closed down slightly. To discuss new plans and provisions for the financial system, Mark Landler of the New York Times joins us.

Treasury Secretary Henry Paulson came into office two years ago with plans to remake the U.S. economy. Instead he’s become enmeshed historic government interventions in the economy — including yesterday’s failed $700 billion dollar bailout proposal.

For an update on how the $700 billion bailout package is playing out on the Hill, The Takeaway turns to Chairman of the House Financial Services Committee, U.S Representative Barney Frank, who answered your questions.

Treasury Secretary Henry Paulson has asked Americans for $700 billion to bailout financial institutions. This morning The Takeaway asked listeners and readers how they would ask for that much money. How would you ask for $700 billion?