Topic: Henry M. Paulson
The New York Times reported this morning 1-1-08 that a statewide investment pool for public funds in Florida has shut down due to investments in vehicles tied to subprime mortgages. CitiGroup, Bank of America and JPMorgan Chase apperared to have backed out ...
WASHINGTON (Thomson Financial) - Two major questions that need to be resolved before a government-led agreement can be worked out to freeze lower interest rates on sub-prime mortgage loans are whether investors in these loans will agree with this change, and if ...
THE HOME FORECLOSURE FIASCO The bad mortgages that got the current financial crisis started have produced a terrifying wave of home foreclosures. The K Street representatives agreed that Treasury Secretary Henry Paulson needed to step in, says Erick R. Gustafson, then the ...
Feds unveil 2 programs to provide $800 billion to help unfreeze market for consumer debtThe government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls ...
As I sat in front of the TV Wednesay listening to Hank Paulson speak about banks and their needs to start up lending to individuals again, I wonder if a society like the US, which is so debt driven, is going to ...
HUD Secretary says government may change rules to expand availability of mortgage help programThe government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official ...
Many foreclosures can't be prevented, some people likely to lose homesFaced with record-high foreclosure rates, the Bush administration has been scrambling to keep people from losing their homes, but many are beyond help, Treasury Secretary Henry Paulson said Tuesday.Lax lending standards that ...
Economy's other financial woes make home foreclosure crisis more stubborn, complexEach day from July through September, more than 2,700 Americans lost their homes in foreclosure.That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and ...
Solving foreclosure problem proves to be a stubborn, complex challengeEach day from July through September, more than 2,700 Americans lost their homes in foreclosure.That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and government ...
The free market idealists in the Bush White House finally conceded to an uncomfortable, but necessary and pragmatic approach to healing the financial system. Just like the uncoordinated fixes in the financial system, the American approach to healthcare has suffered more than ...