December 31, 2008
Paulson and the US crisis
Story link: Paulson and the US crisis
In some respects he is right, but the Government will always try and do what they feel is in their best interest at the time, this doesn’t mean that the future of the economy would be stable based on their decisions though, as we can see now!
Henry Paulson, the outgoing US Treasury Secretary, said the US Government had to battle the financial crisis without the tools needed to do the job effectively.
Mr Paulson also said any future regulatory overhaul needed to ensure that financial system infrastructure could allow for the failure of large institutions.