1.0 link 165551 <![CDATA[Administration Officials Met With Laughter At Bailout Briefing]]> http://www.huffingtonpost.com/2009/02/10/administration-officials_n_165551.html Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room.

The laughter was at its height when Obama officials explained that the White House planned to guarantee a wide swath of toxic assets -- which they referred to as "legacy assets" -- but wouldn't be asking Congress for money. Rep. Brad Sherman (D-CA), a bailout opponent in...

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