Paulson: Without bailouts, unemployment may have reached 25 percent

If the federal government had not bailed out Wall Street banks, unemployment could have skyrocketed to 25 percent, former Treasury Secretary Henry Paulson said in an interview that will air this Sunday on CBS News Sunday Morning.

Full story:  Hank Paulson: Without Bailout, Unemployment Could Have Reached 25% – Political Hotsheet – CBS News.