• Most Popular
  • Most Shared

Obama urges Bush to use bailout authority wisely

GLENSIDE, Pennsylvania
Fri Oct 3, 2008 2:25pm EDT

GLENSIDE, Pennsylvania (Reuters) - Democratic presidential candidate Barack Obama on Friday welcomed the House of Representatives' passage of the Wall Street bailout bill and urged the Bush administration to use the authority "wisely."

"I'm glad to see that we've finally got this thing dealt with," Obama told reporters. "The No. 1 thing is that the administration uses this authority wisely, makes sure that (Treasury) Secretary (Henry) Paulson and others are structuring the purchase of these assets in a way that protects taxpayers."

(Reporting by Mark Egan, Editing by Chizu Nomiyama)


More from Reuters

Photo

Exclusive: U.S. business investment showing life

CHICAGO (Reuters) - A trade group for the lenders that finance half the capital equipment investment in the United States said on Tuesday the sharp pullback in business borrowing that marked the recent downturn moderated markedly in November -- an encouraging sign companies may be growing more confident in the sustainability of the recovery.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
Soldiers look on as U.S. Secretary of Defense Robert Gates speaks to soldiers at F.O.B. Warrior in Kirkuk, Iraq December 11, 2009. REUTERS/Justin Sullivan/Pool

Are you pregnant? Sir! No, Sir!

There are some 115,000 U.S. troops in Iraq -- and one commander wants to make sure his soldiers don't multiply.  Full Article 

Politics