Up To $1 Trillion Needed to Prevent Meltdown

From Taegan Goddard’s Political Wire:

“Congressional leaders said after meeting Thursday evening with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that as much as $1 trillion could be needed to avoid an imminent meltdown of the U.S. financial system,” according to Politico.

According to Sen. Christopher Dodd, lawmakers were told last night “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications, here at home and globally.”