Bailout plan not embraced

Top officials push for speed in passing bailout package but many are skeptical



Bush administration pleads with Congress to pass 700 billion bailout package that would see government on the hook for Wall St. bad debts from risky and careless investments. Legislators are skeptical and many commentators call the plan reckless. The Real News Network spoke to economic journalist and author Nomi Prins.
Bio

Nomi Prins is a journalist and Senior Fellow at Demos. She writes about politics, money and relationships. Nomi is the author of Other People’s Money: The Corporate Mugging of America and Jacked: How "Conservatives" are Picking your Pocket . Before becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, and running the international analytics group at Bear Stearns in London.

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[Source: The Real News Network