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The letter increases pressure on the administration of George W. Bush to take action as he prepares to hand power to president-elect Barack Obama on Jan. 20. Obama said yesterday that policy options to help the industry will be a “high priority” for his transition team.
President Bush on Monday said, "The Secretary and I share the concerns of our citizens, concerns about jobs, concerns about their savings accounts. This is a tough situation for America. But we'll recover from it. And the first step to recovery is to safeguard our financial system."
Sun, Nov 23 | from Whitehouse.gov