04/18/2012
https://www.congress.gov...
"We need a careful triage of financial entities to determine which ones can stand on their own, which could become healthy with a reasonable infusion of additional capital, and which are insolvent beyo..."
"What are the implications, then, for us in doing that?"
"We have borrowed about $700 of that $2,650, which leaves us with $1 trillion $950 billion more to borrow in the next 6 months."
"I am hopeful that, as this plan is implemented, the U.S. Government will be judicious about sinking taxpayer money into banks and corporations that are insolvent."