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 Posted: Tue, Oct 16 2007, 11:23 am EDT Post subject: Treasury Secretary says U.S. housing crisis is ‘significant’ economic risk |
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Paulson: Tough response needed for housing
Treasury Secretary says U.S. housing crisis is ‘significant’ economic risk
WASHINGTON - Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an unfolding housing crisis that he said presents a significant risk to the economy.
In the administration’s most detailed reaction to the steepest housing slump in 16 years, Paulson said that government and the financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates.
He also called for an overhaul of laws and regulations governing mortgage lending to halt abusive practices that contributed to the current crisis.
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http://www.msnbc.msn.com/id/21322471/ |
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| Posted: Tue, Oct 16 2007, 12:44 pm EDT Post subject: Re: Treasury Secretary says U.S. housing crisis is ‘significant’ economic risk |
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| I have a feeling that the implicit message from this former Goldman Sachs CEO is asking Bernanke to cut rate again to save his Wall Street friends and bankers. |
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publius
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| Posted: Wed, Oct 17 2007, 7:43 pm EDT Post subject: Re: Treasury Secretary says U.S. housing crisis is ‘significant’ economic risk |
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I guess the invisible hand of the "free" market belongs to the American taxpayer!
When WE complain about how OUR money is spent, they call US whining Communists. When its' time to bail out THEIR buddies on Wall St., it's for the "good" of the economy.
Wake up and smell the bullsh*t!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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