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paulson

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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Statement by Secretary Henry M. Paulson, Jr. at Press Conference to Announce Framework to Help Preserve Communities by Preventing Foreclosure

by Moe Bedard

December 6, 2007
HP-716

Washington, DC – Good afternoon. Thank you, Secretary Jackson, Chairman Bair, Comptroller Dugan, Governor Kroszner, Director Lockhart, Director Reich and representatives from the American Securitization Forum, HOPE NOW, the Mortgage Bankers Association and the Housing Policy Council for your creativity and flexibility during these recent months. We have worked through an evolving process [...]

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Mozilo Speaks – “There will always be people that will game the system. That’s how we got into the problem we’re in today”

by Moe Bedard

By Moe 
Did anyone see the interview with Angelo Mozilo, Countrywide Financial chairman/CEO and CNBC’s Maria Bartiromo at the National Housing Forum? If you haven’t seen it and you are a “serious” mortgage blogger or one of the “new” mortgage band wagon reporters, then you need to take the time and listen to this interview 2 or [...]

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