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...
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...
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...
Treasury Secretary Henry M. Paulson, Jr. Thursday released recommendations from the President’s Working Group on Financial Markets (PWG.) The PWG, headed by Paulson, is composed of the heads of the Federal Reserve Board, the Federal Reserve Bank of New York, the Securities and Exchange Commission...
Treasury Secretary Henry Paulson announced Monday that he was in favor of temporarily lifting the dollar limit on loans purchased by Freddie Mac and Fannie Mae, allowing them to provide a market for so-called " jumbo mortgages ." Under current rules, the two government sponsored enterprises (GSEs) cannot...
Secretary of The Treasury Henry M. Paulson , Jr., is in danger of becoming a household name in the midst of the sharp housing downturn. He is front and center in what has, to this point, been a tepid response on the part of the Bush Administration to rising defaults on subprime mortgages and the attendant...