Larry Summers: Bailouts Only A "Temporary" Measure

Mr. Summers: The government’s direct actions to invest money in companies were once-a-generation or once-every-two-generation responses to a once-every-two-generation emergency. They were designed to be, and have proven to be, temporary. There is no aspiration of any kind to change the private-sector basis of our economy.

Read more: Wall Street Bailout, Larry Summers and Barack Obama, Economic Stimulus Package, Bailout, Financial Crisis, Larry Summers, Credit Crisis, Recession, Lawrence Summers, Fiscal Policy, Business News

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