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Tag Archives: Henry Paulson

Once In A Lifetime Event

According to a CNNMoney.com headline, Paulson: Crisis of the century:
Treasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a “once or twice” in a 100 years event, even as he warned Thursday against imposing too-strict regulations to prevent a repeat calamity.
Treasury Secretary says the current financial crisis is rare, but warns [...]

Posted 21 November 2008 † Mike § Commentary § Economic ‡ Comments (2) ° Also tagged:

Subprime Responsibility

I was reading Treasury Secretary Paulson’s: Remarks on U.S. Housing Market before FDIC’s Forum on Mortgage Lending to Low and Moderate Income Households, and wanted to point out an excerpt from that speech which negatively caught my attention:
..Due to the lax credit and underwriting standards of the past years, some people took out mortgages they [...]

Posted 31 July 2008 † Mike § Commentary § Market Sectors § Other Financial ‡ Comments (0) ° Also tagged: ,