Hank Paulson: ""We have in many ways humiliated ourselves as a nation"
Posted by
Brian (aka trav007)
Nov 14 '08, 12:45
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For once, I agree with the man.
US's Paulson-adding bank capital needed-CNBC
Fri Nov 14, 2008 2:32pm EST
WASHINGTON, Nov 14 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest, but acknowledged the U.S. reputation is tarnished as a result of the financial crisis that has spread around the world.
"We have in many ways humiliated ourselves as a nation with some of the problems that have taken place here," Paulson said in an interview with CNBC television. (Reporting by Glenn Somerville, Alister Bull and Mark Felsenthal, Editing by Chizu Nomiyama)
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