Getting your player ready...
Henry Paulson, former Treasury secretary under President George W. Bush, responding to a question from investment tycoon Warren Buffett, said the U.S. government will be repaid in full for the funds it put into the country’s lenders.
“We will get every penny we put into the banks back” and turn a profit, Paulson said Tuesday at a meeting of the Greater Omaha Chamber in Nebraska. “I think when you look at all the other programs, we may be surprised at what we get back.”
In his new book, “On the Brink: Inside the Race to Stop the Collapse of the Global Financial System,” Paulson said a proposal from Buffett helped him hone the bailout to make it palatable to investors.
