A look back. In 2008, then-U.S. Treasury Secretary Hank Paulson was at the center of the storm during the worst economic crisis since the Great Depression. Today he maintains that the major actions the government took then were necessary at the time. But while Paulson believes the Troubled Asset Relief Program (TARP), the bailout of insurance giant AIG and other broad measures enacted at that time were the correct actions to take, he does regret not communicating their importance more clearly. “The major decisions, I think we got right,’’ Paulson told Matt Lauer on TODAY Thursday. “I have second thoughts about a lot of things. The biggest thing I have second thoughts about, I never was able to explain to the American people that every action we took was for them to keep our economy functioning because if we hadn’t had a functioning economy, the situation could’ve been quite worse.”
Posted on: Thu, 12 Sep 2013 17:19:40 +0000
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