CNN's Keilar, caption falsely claimed Geithner's financial takeover request was "unprecedented"
March 27, 2009 8:42 pm ET
SUMMARY: CNN correspondent Brianna Keilar, along with several other CNN correspondents and hosts and instances of CNN on-screen text, described Timothy Geithner's proposal for Congress to pass legislation allowing the federal government to take over failing nonbank financial institutions as "unprecedented." In fact, former Treasury Secretary Hank Paulson and FDIC chairman Sheila Bair -- both Bush appointees -- stated in 2008 that the federal government needed and should have such power.
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