Blackstone's Peterson: Bailout Size Is Mind-Numbing Congress and financial officials are busy wrangling over the proposed financial bailout package. The question is how to make sure this package works. Pete Peterson co-founded Blackstone Group, one of the country's biggest private investment firms. He says the size and the concept of the bailout package are mind-numbing.
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Blackstone's Peterson: Bailout Size Is Mind-Numbing

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Blackstone's Peterson: Bailout Size Is Mind-Numbing

Blackstone's Peterson: Bailout Size Is Mind-Numbing

Blackstone's Peterson: Bailout Size Is Mind-Numbing

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  • <iframe src="https://www.npr.org/player/embed/94921453/94921426" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Congress and financial officials are busy wrangling over the proposed financial bailout package. The question is how to make sure this package works. Pete Peterson co-founded Blackstone Group, one of the country's biggest private investment firms. He says the size and the concept of the bailout package are mind-numbing. Peterson tells Linda Wertheimer that the credit crisis solution will have to be more imaginative than the one that fixed the savings and loan crisis nearly 20 years ago.