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Another Humiliation

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WASHINGTON, Nov 14 (Reuters - U.S. Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest, but acknowledged the U.S. reputation is tarnished as a result of the financial crisis that has spread around the world.

"We have in many ways humiliated ourselves as a nation with some of the problems that have taken place here," Paulson said in an interview with CNBC television.

Posted by Richard on November 15, 2008 08:41 AM |

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