Paulson Predicts U.S. Will Recover 'Every Penny' of Bank Bailout Cash


In a one-on-one conversation with billionaire Warren Buffett on Tuesday, former Treasury Secretary Henry Paulson defended the government bank-bailout program and the other policies put in place to keep the U.S. financial system from collapsing. "We will get every penny we put into the banks back and with a profit," he said . Paulson (pictured, right) also called for Congress to enact real financial regulatory reforms that would allow a special authority to wind down any troubled financial institution without using taxpayer-funded bailouts.