Capitol Hill Blue Forums Political Issues Finance, the economy & Economics How will the financial crisis develop?

An unrepentant Henry Paulson told irate Democratic lawmakers that the administration’s $700 billion rescue is starting to work and that it’s just a matter of time before lending resumes.

“We’ve turned a corner in terms of stabilizing the system and preventing a collapse,” the Treasury Secretary told the House Financial Services Committee today. “I am confident in a successful outcome.”