Hank Paulson Has No Regrets

Five years ago, the Lehman Brothers collapse plunged the world into the type of financial crisis that had not been seen since the Great Depression. What followed was chaos and a domino effect of failures that brought the global economy to its knees. Hank Paulson was U.S. Treasury Secretary at the time and in his book, On the Brink, he said that in response to the crisis, he prayed.

This morning, I watched Hank Paulson on the "Today Show" where he talked about a new documentary made by BloombergBusinessweek, Hank: Five Years From the Brink. When asked by Matt Lauer if he had any regrets about the actions he took -- such as bailing out the banks but leaving home owners and the rest of America to fend for itself -- he said, "No." He explained that the actions were critical to staving off a total collapse of the economy....497 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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