In a statement released on Friday, the U.S. Treasury said it "stands ready" to prevent the failure of automakers and is prepared to help the Big Three until Congress reconvenes in January. The headline came just minutes after White House Press…(read more)
Original post by Mortgage News Daily
Treasury Secretary Henry Paulson said on Monday the Treasury is developing new programs under the Troubled Asset Relief Program (TARP) and that he's confident the Treasury is pursuing the right strategy. "We are actively engaged in developing…(read more)
Original post by Mortgage News Daily
Treasury Secretary Henry Paulson said on Thursday the Treasury's priority is restoring stability and repairing capital markets, but that market recovery will take some time. He urged further efforts to find solutions that aren't reckless. "Clearly…(read more)
Original post by Mortgage News Daily