Bush Says Bail-Out a Last Resort, But Necessary

(17 Oct 08 - RV) United States President George W. Bush today defended the U.S. government's extraordinary series of interventions in the financial crisis, calling them measures of «last resort» that will ultimately work to restore the economy to stability.

Earlier this week, the US government took an equity interest in several major banks, in effect, part-nationalizing them.

The head of the Rome office of the Acton Institute for the Study of Religion and Liberty, Kishore Jayabalan, says that the move is not ideal, but something must be done to keep the crisis from getting worse...