WASHINGTON, Sept 28 Senior Republican Sen. Judd
Gregg of New Hampshire expressed confidence on Sunday that the
money laid out in a taxpayer-funded bailout for the U.S.
financial system will be more than recovered.
"If we are successful in this effort, (Treasury) Secretary
(Henry) Paulson will settle out the credit markets with this
very significant resource of bond money, of taxpayers' money,"
Gregg told a midafternoon news conference where he stressed his
backing for the plan that he hoped could be voted on by
Congress on Monday.
"We'll be able to get into a more orderly system, and we'll
start as we sell this paper off to recover the tax dollars that
we've laid out," said Gregg, the ranking Republican on the
Senate Budget Committee.
"We may lose some money, we may break even or we may make
some money. My gut tells me we're going to make money as
taxpayers," Gregg predicted.
(Reporting by Glenn Somerville; Editing by Neil Stempleman)