Chambliss statement on new efforts to stabilize the economy

WASHINGTON — U.S. Sen. Saxby Chambliss, R-Ga., today made the following statement: “This morning the President’s Working Group on Financial Markets announced new efforts to stabilize our economy authorized under the recently passed Emergency Economic Stabilization Act. I commend the members of this group for acting swiftly to quell the extreme volatility that has dominated our capital markets during the past weeks. “Make no mistake about it, these efforts are measures of last resort. No one is pleased to be in this situation. I am, and always have been, a person who believes in free markets. However, these recent drastic steps are necessary to protect the framework which allows those markets to remain open and free. The current financial crisis was years in the making fueled... [read full story]