{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WRAP Bush comments on US financial rescue plan; ADDS more' data-url='/boclips/videos/5c54c2f7d8eafeecae15db06' data-video-url='/boclips/videos/5c54c2f7d8eafeecae15db06' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWRAP Bush comments on US financial rescue plan; ADDS more\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. US President George W. Bush, US Federal Reserve Bank Chairman Ben Bernanke, Treasury Secretary Henry Paulson and Securities and Exchange Commission Chairman Christopher Cox walk to podium, in Rose Garden at White House2. SOUNDBITE:...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. US President George W. Bush, US Federal Reserve Bank Chairman Ben Bernanke, Treasury Secretary Henry Paulson and Securities and Exchange Commission Chairman Christopher Cox walk to podium, in Rose Garden at White House\u003cbr/\u003e2. SOUNDBITE: (English) George W. Bush, US President:\u003cbr/\u003e\"We must act now to protect our nation's economic health from serious risk. There will be ample opportunity to debate the origins of this problem. Now is the time to solve it. In our nation's history there have been moments that require us to come together across party lines to address major challenges. This is such a moment. Last night Secretary Paulson and Chairman Bernanke and Chairman Cox met with Congressional leaders of both parties and they had a very good meeting. I appreciate the willingness of congressional leaders to confront this situation head on.\"\u003cbr/\u003e3. Cutaway wide Bush, Cox, Bernanke and Paulson\u003cbr/\u003e4. SOUNDBITE: (English) George W. Bush, US President:\u003cbr/\u003e\"America's economy is facing unprecedented challenges. We're responding with unprecedented action.\"\u003cbr/\u003e5. Cutaway wide Bush, Cox, Bernanke and Paulson\u003cbr/\u003e6. SOUNDBITE: (English) George W. Bush, US President:\u003cbr/\u003e\"In the past government insurance was not available for these funds, and the recent stresses on the markets have caused some to question whether these investments are safe and assessable. The Treasury Department's actions address that concern by offering government insurance for money market mutual funds. For every dollar invested in a mutual fund you will be able to take a dollar out. The Federal Reserve is also taking steps to provide additional liquidity to money market mutual funds which will help ease pressure on our financial markets. These measures will act as grease for the gears of our financial system which were at risk of grinding to a halt.\"\u003cbr/\u003e7. Cutaway wide Bush, Cox, Bernanke and Paulson\u003cbr/\u003e8. SOUNDBITE: (English) George W. Bush, US President:\u003cbr/\u003e\"The Securities and Exchange Commission has issued new rules temporarily suspending the practice of short selling on the stocks of financial institutions. This is intended to prevent investors from intentionally driving down particular stocks for their own personal gain. The SEC is also requiring certain investors to disclose their short selling and has launched rigorous enforcement actions to detect fraud and manipulation in the market.\"\u003cbr/\u003e9. Bush, Bernanke, Paulson and Cox walk away back into White House\u003cbr/\u003eUS President George W. Bush said on Friday that U.S. government intervention in financial markets was not only warranted but \"essential\" to calm nervous consumers and to halt the worst financial crisis in decades.\u003cbr/\u003e\"America's economy is facing unprecedented challenges. We're responding with unprecedented action,\" Bush said in a Rose Garden statement. \u003cbr/\u003eStanding alongside were Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and Christopher Cox, chairman of the Securities and Exchange Commission.\u003cbr/\u003eBush said in America's history there had been moments that required cross partisan cooperation to address major challenges. \u003cbr/\u003e\"This is such a moment. Last night Secretary Paulson and Chairman Bernanke and Chairman Cox met with Congressional leaders of both parties and they had a very good meeting. I appreciate the willingness of congressional leaders to confront this situation head on.\"\u003cbr/\u003eHe spoke after the administration said it would safeguard assets in money market mutual funds and temporarily banned short-selling of financial company stocks, a trading technique that bets on stocks declining in value. \u003cbr/\u003e\"The SEC (Securities and Exchange Commission) is also requiring certain investors to disclose their short selling and has launched rigorous enforcement actions to detect fraud and manipulation in the market,\" said Bush.\u003cbr/\u003e\"These measures will act as grease on the gears of our financial system which were at risk of grinding to a halt.\"\u003cbr/\u003eIt was the third time this week that Bush has spoken on the financial crisis, in an effort to calm jittery consumers and markets.\u003cbr/\u003eLater, Paulson held a press conference in which he spoke further about the plan, hatched late on Thursday night, to relieve banks of their bad debts and restore the credit markets to health.\u003cbr/\u003ePaulson said he planned to work through the weekend with congressional leaders to reach agreement on the plan, but gave few details of how it would be structured.\u003cbr/\u003eIt is hoped the measures will alleviate the uncertainty that has been sending the markets into tumult over the past week by removing soured real estate debt from financial institutions' books. \u003cbr/\u003eThe Treasury Department has asked Congress to give it sweeping power to buy up toxic debt that has caused turmoil on Wall Street. \u003cbr/\u003eBush also has authorised Treasury to tap up to 50 (b) billion US dollars from a Depression-era fund to insure the holdings of eligible money market mutual funds. \u003cbr/\u003eAnd the Federal Reserve announced it will expand its emergency lending program to help support the 2 trillion US dollars in assets of the funds.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex 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