ohyes
/ 2008-07-22 14:53
/
Pan Forumowicz (ponad 500 wypowiedzi)
Juz wystapil,a to najwazniejsze z jego przemowienia.
Apel do Kongresu /zbiera sie jutro/ o udzielenia wsparcia dla Fanny and Freddie,poniewaz to sa kluczowe indstytucje,jesli chodzi o rynek nieruchomosci i konieczne jest,aby odbudowac zaufanie do nich,musza wiec miec ciagly dostep do kapitalu./skrot/
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Treasury Secretary Henry Paulson urged Congress Tuesday to approve the Bush administration's plan to back up mortgage financiers Fannie Mae and Freddie Mac.
Speaking in New York the day before the House is expected to take up the proposal, Paulson said it's crucial that the companies have access to the capital they need to continue their operations and regain the public's confidence.
"Their continued activity is central to the speed with which we emerge from this housing correction and remove the underlying uncertainty in our financial markets and financial institutions," Paulson said.
"Now, more than ever, we need Fannie and Freddie out there, financing mortgages," he added. "That means we must, in the short term, take steps to boost confidence in the [companies], while also taking steps to address the potential systemic risk they pose."
The recovery, however, will take time, Paulson said.