Billionaire Eli Broad on the Bailout

The philanthropist says the $700 billion Wall Street bailout is just the first step to getting the economy back on its feet again

Billionaire Eli Broad was at the Clinton Global Initiative annual meeting in New York on Sept. 25 to announce the creation of an educational research laboratory at Harvard, yet another large gift from the philanthropist. BusinessWeek reporter Lawrence Delevingne spoke with Broad, who made his fortune in real estate and insurance, largely through holdings in American International Group (AIG), about the $700 billion Wall Street bailout and where he sees the economy heading. Here is an edited version of the conversation:

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