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Treasury Secretary Henry Paulson said Monday that covered bonds are an answer to financial market's request for clarity. He said covered bonds, a $3 trillion market used widely in Europe for mortgage funding, can develop without legislation in the U.S., and four of the largest U.S. banks are already...
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In an interview with CNBC, Treasury Secretary Henry Paulson said that the U.S. has been in a rough patch but is coming closer to the end of the current credit crisis. Paulson was encouraged by the current government-sponsored entreprises (GSE) reform package and expects the U.S. economy to strengthen...
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The U.S. economy "has turned down sharply" according to U.S. Treasury Secretary Henry Paulson, speaking to the Council of Institutional Investors in Washington, D.C. on Thursday morning. He said the greatest risk to the economy was the housing sector. However, Paulson noted some positive developments...
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Treasury Secretary Henry Paulson will confirm on Monday widely circulating weekend rumors that the Bush Administration is seeking a sweeping overhaul of financial regulatory systems in the country. The proposals would expand the oversight of the Federal Reserve while eliminating or merging several existing...