Pagliuca Supports the President

Steve Pagliuca,Managing Director of private equity firm Bain Capital,and a managing partner of the Boston Celtics basketball franchise,says the models to figure out risk were wrong,based on too rosy a look at data.It's really unrealistic for the pundits to demand Obama fix this now.He's throwing the kitchen sink at it.We need to have a sense of urgency,but focus and get things right.By and large,the Obama administration is doing everything right,with a good team in place.It takes time to implement fundamental change.Our forefathers knew how to live moderately.The country won't get back on track without deleveraging significantly,Mr.Pagliuca explained.Bain Capital has been in business for 25 years,and is still hiring.