May 1, 2008

Henry Paulson on the credit crunch

We are closer to the end of this problem than we are to the beginning. [Even with] headwinds and despite some of the things that we're going through, this economy is still growing, albeit modestly.

~ Treasury Secretary Henry Paulson, as appeared on Bloomberg Television, May 1, 2008

(Quote taken from "Paulson Says U.S. Credit-Market Crisis Is 'Closer to the End'," Bloomberg, May 1, 2008, by Peter Cook and John Brinsley)

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