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Paulson: "It's Been Difficult"

"It's been difficult", Treasury Secretary Henry Paulson said of his tenure to Economic Club members in Washington today.

(CBS)
"If I had it to do over again, I would do it," he quickly added, CBS News' Carter Yang reports.

The secretary's comments were made after he gave prepared remarks on Fannie Mae and Freddie Mac. "There will be a fair number of things I will wish I had done differently," he admitted, adding that on "the major issues ... I believe we've made the right decisions."

On the second 350 billion dollar tranche from the bailout, Yang reports he said "the only decision-maker that will decide how that money will be used will be the Obama administration."

Paulson explained that if Obama's team, "would like us to notify Congress on their behalf, we'd be willing to work with them on it."

He also said he was "very pleased with the appointments I've seen president Obama make..."

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