"My thinking has evolved a lot to the point where I've seen regulation up close and personal," he said in a series of interviews. It wasn't just the crisis that changed him. It was every bit as much sitting behind the desk where he fashioned new regulation. "I've realized how flawed it is and how imperfect, but how necessary it is,"
Treasury Secretary Henry M. Paulson Jr
Ill take this as an admission to the fact that the free market capitalism, does not work without regulation.
Treasurer Paulson must be a Socialist, he believes in regulation now.
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