November 18, 2008

Why Paulson Does not Support Help for Homeowners

From an interview with Deborah Solomon of the WSJ:

"Foreclosures are a significant problem, they're an economic problem," Mr. Paulson said. But finding a solution is complicated, he said, because "the issues then become, 'How effective are the individual programs going to be, where did the money go, is it going to banks or is it going to homeowners, and what's the cost-benefit analysis?'"
Isn't this his job? Does he only want to solve easy problems?

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