Tuesday, September 16, 2008

Paulson: Take Action to Ensure the Stability of Financial Market

Henry PaulsonUnited States Secretary of the Treasury Paulson said Monday, despite face pressure, but the U.S. financial sector remained strong. He said, ready to take further action, if it is necessary to ensure the stability of financial market.

Paulson gave a speech at the White House that the real estate market is a key challenge. He pointed out that the government took over the Fannie Mae and the US Mortgages in order to reduce the volatility of market.

Paulson said he is determined to Cooperate with the domestic and international regulatory bodies, as well as the decision-makers in Congress, to take additional measures to protect our financial market's stability and order. He plans to release a testimony about the latest situation in Congress on Tuesday.

Originally Posted: China Business Daily
Author: Angulo Fu