Paulson: U.S. has the tools for financial stability (Reuters)
WASHINGTON (Reuters) – .Treasury Secretary Henry Paulson said on Thursday that federal authorities have the right tools and have taken the necessary steps to prevent a financial system collapse.. "Looking forward, working with the Fed and the FDIC, we now have the tools and the commitment to do what is necessary to maintain the stability of our financial system," Paulson said in prepared remarks at the Ronald Reagan Library in Simi Valley, California.. "Many challenges lie ahead and progress will not be in a straight line," he said. A copy of his remarks were made available in Washington.. (Reporting by David Lawder; Editing by Neil Stempleman) |
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