Finance

impossible to make everyone happy with virus relief bill

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Hank Paulson

David Orrell | CNBC

Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill. 

Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period in a statement issued late Friday. Paulson and his counterpart at the Federal Reserve bailed out banks to stabilize financial markets, actions that remain unpopular to this day.

“One clear lesson from 2008 is that it is very difficult to quickly get all the money where it is most needed, and Treasury has a lot of money so Treasury…



Source cnbc.com

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