Archive for the ‘Treasury Secretary Henry Paulson’ tag
Paulson Says No Plans to Inject Capital Into Freddie, Fannie
Speaking in an interview with NBC on Saturday, U.S. Treasury Secretary
Henry Paulson said government had no plans to inject capital into
Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie
Max despite poor earnings reports from both institutions in the second
quarter.
TSY’s Paulson Says Stimulus Has Helped U.S. Economy
Speaking before the Exchequer Club of Washington, U.S. Treasury
Secretary Henry Paulson said the stimulus package has
supported the economy in the last year.
Paulson said market turmoil and energy prices have dragged on the
economy, while the labor market has softened…
Paulson Encourages Covered Bond Market to Increase Mortgage Financing
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 prepared to set up the market.
“I believe covered bonds have the potential to increase
mortgage financing, improve underwriting standards, and
strengthen U.S. financial institutions by providing a new funding source
that will diversify their overall portfolio,” Paulson said.