Barack Obama: “The credit crisis is real. And it's not over. We averted catastrophe…”

On the recordFebruary 8, 2009

The credit crisis is real. And it's not over. We averted catastrophe by passing the TARP legislation.

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Democratic · Illinois

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Obama acknowledges the ongoing credit crisis and the need for proper spending of TARP funds.

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Barack Obama: “The credit crisis is real. And it's not over. We averted catastrophe by passing the TARP legislation.”