Paulson Defends Bear Stearns Bailout as 'The Right Decision'

Secretary of the Treasury Henry Paulson Sunday defended the Federal Reserve's recent bailout of investment bank Bear Stearns. "The right decision here, I am convinced, was the decision that the Fed made, which was to do things, work with market participants to minimize the disruptions," Paulson said in a "This Week" interview with George Stephanopoulos. When asked if the Bear Stearns loan goes against the administration's consistent refusal to use tax dollars to bail out financial...Full Story
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