Posted: 3/18/2009 6:38:46 PM EDT
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I guess he learned something from all that time spent in indonesia.
http://money.cnn.com/news/newsfeeds/articles/djf500/200903182037DOWJONESDJONLINE001025_FORTUNE5.htm But he defended the government's unpopular decision to bail out troubled banks to avoid systemic failure. "We had to step in, it was the right thing to do, even though it is infuriating."
"The same is true with AIG. It was the right thing to do to step in," Obama said. "Here is the problem: it's almost like they've got a bomb strapped to them and they've got their hand on the trigger. You don't want 'em to blow up but you've got to kind of... ease their finger off the trigger." |