James Baker was Treasury Secretary in the Reagan Administration, and Chief of Staff and Secretary of State for George H.W. Bush. And when he looks at the trouble in the US banking sector, he says we are "in danger of making the same mistakes the Japanese made" in the late 1980s. In this interview with Judy Woodruff, he says the federal government, and current Treasury Secretary Timothy Geithner, need to be thinking not just of "liquidity," but of "solvency."
Posted
04-06-2009 9:00 AM
by
Graham Griffith