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Paulson's plan reversal hurts credibility

China Daily | Updated: 2008-11-14 08:07

Paulson's plan reversal hurts credibility

US Treasury Secretary Henry Paulson leaves a meeting with the Senate Banking Committee in Washington. Bloomberg News

Henry Paulson became Treasury secretary 28 months ago, when he was at the top of the financial world: Wall Street's best-paid chief executive officer, capping his career with a high-profile sojourn in public service.

Paulson's plan reversal hurts credibility

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