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Bloomberg Upbeat on Handling of Fiscal Crisis

Thursday, September 18, 2008

Mayor Michael Bloomberg is expressing confidence in the CEO's and government officials who are dealing with the financial crisis on Wall Street.

BLOOMBERG: They know what the problem is and there's no easy solution. We've gotten ourselves in a situation that has taken a long time to build and has hurt many people. I don't know whether the worst is over. I think the panic is probably over.

REPORTER: The mayor spoke to reporters in Washington after testifying during a house committee hearing on climate change. Bloomberg says he's glad Secretary Henry Paulson is in charge of the Treasury Department.

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