Paulson starts to pick bailout advisers

October 06, 2008 02:49PM

Federal Treasury Secretary Henry Paulson will begin picking advisers to administer the $700 billion financial rescue plan that Congress passed last week. Paulson is said to be considering several financial insiders for the rescue advisory panel, including Bill Gross, founder of the asset management giant Pimco, and Larry Fink, CEO of the investment firm BlackRock. Critics say the two could have conflicts of interest on the bailout board, as one columnist noted Pimco is benefiting from the bailout package.

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