Treasury Secretary Paulson Says Economy “Has Turned Down Sharply”
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 dawn.
He said the greatest risk to the economy was the housing sector.
However, Paulson famous some positive developments recently, particularly
in the Hope
Now
alliance, and an increase in market share from Fannie
Mae and Freddie Mac.
Original post by Mortgage News Daily - Mortgage And Real Estate News
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