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 [...]
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, [...]