Private Risk and Public Money

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President Bush wants to put up hundreds of billions of taxpayer dollars to save the financial system. He says failing to act would be riskier still. We look the possible consequences of a massive bailout in an election year. Also,New York Times columnist Tom Friedman talks about a grander vision for government spending.

President Bush stands with Federal Reserve Chairman Ben Bernanke, left, SEC Chairman Chris Cox, right, and Treasury Secretary Hank Paulson as he delivers a statement on the economy. White House photo by Joyce N. Boghosian