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Surveillance: Fed Special

Bloomberg Surveillance

00:00

The Treasury Secretary's Comments on the FDIC Debt Crisis

The Treasury Secretary's comments in the last hour may be muddy in the water a little bit. How much are their hands tied? When you look at Senator Schumer, as well as Kim McCarthy,. Both sides of the aisle, not really having much political will to have anything that could be skewed as a bailout in some of the political propaganda. But our reporting is that the Treasury Department was doing this due diligence, not something to invoke risk, but just something that they wanted to do.

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