03/18/2010 05:12 am ET Updated May 25, 2011

Larry Summers: Bailouts Only A "Temporary" Measure

Mr. Summers: The government's direct actions to invest money in companies were once-a-generation or once-every-two-generation responses to a once-every-two-generation emergency. They were designed to be, and have proven to be, temporary. There is no aspiration of any kind to change the private-sector basis of our economy.

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