Treasury Secretary Henry Paulson talked to us yesterday. Well us, meaning NPR, specifically Robert Siegel on All Things Considered.

Robert asking him for an example, demonstrating that the bailout was having some effect. Paulson said it wasn't so much what had happened, as what had not happened.

"I believe the banking system has been stabilized, no one is asking themselves anymore is there some major institution that might fail and we would not be able to do anything about it. So I think that is a positive."

But could there be another major failure?

"I gotta tell you, I think our major institutions have been stabilized," Paulson said. "I believe that very strongly."

categories: News

9:00 - November 14, 2008

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