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Outgoing Treasury Secretary Paulson has suggested that Congress should replace Fannie Mae and Freddie Mac with one or two private-sector entities. Those entities would purchase and securitize mortgages with a credit guarantee backed by the federal government, and would not have investment portfolios...
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With the U.S. government promising a total of $17.4 billion to General Motors and Chrysler, U.S. Treasury Secretary Henry Paulson has officially requested the second half of the $700 billion TARP funds from the U.S. Congress. The move comes despite a wave of unpopularity for the outgoing Treasury Secretary...
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As President-elect Barack Obama works to put together a new team the focus of the media has largely been on his selection of Secretary of the Treasury . This cabinet office has always been important to the functioning of the government and the financial markets but has generally not generated the interest...
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U.S. Treasury Secretary Henry Paulson said he is pleased Freddie Mac and Fannie Mae are committed to raising more capital this spring, calling reform of the government-sponsored enterprises the best way to combat foreclosures. Paulson said foreclosures will hit 2.5 million in 2008, compared with 1.5...
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Speaking to journalists en route to Berlin, Treasury Secretary Henry Paulson said that his speech on July 2 will focus on the Federal Reserve's role as a macro stability regulator. Paulson said that speech will focus on the Federal Reserve's process for intervening in financial affairs and that any intervention...
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In an interview with a Mexican television station, U.S. Treasury Secretary Henry Paulson said the biggest challenge facing the U.S. economy is an ailing housing sector , which he hopes will recover by the end of the year. Paulson stressed that economic fundamentals in the United State, nevertheless,...
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Speaking at the Women in Housing & Finance's annual meeting in Washington, D.C., Treasury Secretary Henry Paulson said that the U.S. may have to offer more liquidity to more institutions in the future. "We have now learned that a wider range of institutions can potentially threaten the stability of the...
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Speaking in an interview with Fox Business news on Monday evening, U.S. Treasury Secretary Henry Paulson said he did not believe that a second fiscal stimulus package was necessary and that the tax rebates mailed out yesterday would make a real difference to GDP. With core inflation contained and economic...