Former Fed officials lament taxpayers’ inability to see necessity of bank bailouts

“The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, ‘I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'”

Read more: https://apnews.com/f0c5c2a63f16473e999f64312039dbe2

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