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Paulson Defends $700 Billion Bailout

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Uploaded by on Nov 19, 2008

US Treasury Secretary Henry Paulson defended his handling of the 700 billion dollar financial bailout and expressed new reservations about using the fund to help troubled homeowners. Paulson testified at a Congressional hearing Tuesday, one week after abandoning the original strategy to purchase troubled assets from financial institutions.

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  • Bailout has already surpassed 7.7 trillion dollars !

    America is being sucked dry when Obama takes over he wont have a dime left to do anything at all.

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