Paulson Says New Fed, Treasury Steps Will Help Lending, Housing

Paulson wants to encourage us to borrow on our credit cards...maybe I'm wrong but I thought that was part of the problem. Enough from the government.

(Bloomberg) U.S. Treasury Secretary Henry Paulson said a Federal Reserve lending program announced today will enable banks to extend more credit to consumers and businesses.

“I and my regulatory colleagues are committed to using all the tools at our disposal to preserve the strength of our financial institutions and stabilize our financial markets, to minimize the spillover into the rest of the economy,” Paulson said in a statement at a press conference in Washington.


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