Paulson defends mortgage rescue standards as acceleration of market process (The Forex Market)
Story date: 2007-12-06 01:13:56
Added on: 2007-12-06 23:57:41
WASHINGTON (Thomson Financial) - Treasury Secretary Henry Paulson today rejected the idea that President George Bush's plan to ease mortgage payments for hundreds of thousands of homeowners is a government-led bailout, instead calling the coordinated effort a standardized blueprint that will allow the market to prevent what would otherwise be a slew of foreclosures in the next two years.
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