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market failure

Paulson Sees New Capital Markets Proposals in `Weeks’

by Moe Bedard

March 3 (Bloomberg) — The Bush administration will release within weeks proposals that address deficiencies in the regulation and functioning of U.S. financial markets, Treasury Secretary Henry Paulson said.

“We’re looking at the mortgage-origination process, we’re looking at the securitization process, we’re looking at rating agencies, we’re looking at disclosure issues, we’re looking at capital issues [...]

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Paulson said the administration is fostering an effort to “prevent this market failure”

by Moe Bedard

I was reading this Smart Money article yesterday and I couldn’t help but notice a phrase that Paulson said a couple times.
WASHINGTON (Dow Jones) — U.S. Treasury Secretary Henry Paulson said Monday the administration is working to ensure that the subprime mortgage crisis doesn’t lead to a “market failure,” while urging Congress to pass bills to [...]

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