Bush defends bailout of financial firms

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Former President George W. Bush said a decision to use taxpayer money to bolster the financial system in 2008 wasn’t difficult and was needed to avoid an economic collapse.

“Depression, no depression,” Bush told about 2,000 people during The University of Texas at Tyler’s Distinguished Lecture Series on Tuesday night. “It wasn’t that hard for me, just so you know. I made the decision to use your money to prevent the collapse from happening.”

Full Story: Bush defends bailout of financial firms – The Hill’s On The Money