BANZAI7 NEWS--One of President Obama’s top economic strategists said on Thursday that the government was now starting to shrink many parts of its humongous financial bailout after the collapse of Lehman Brothers last September, The New York Times’s reports.
“We must begin shrinking down some of the bailout bonanza we put in place to support our crooked financial system,” said the Treasury secretary, Timothy Moranis, in written testimony prepared for the Congressional Oversight Panel on Wall Street.
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