Treasury Sec Paulson: Banking problems ‘manageable’ - a problem that could take ‘months’ to sort out

July 20, 2008 by Pelikan
Filed under: U.S. Economy 

Wrap Up of Paulson’s Statements on Face the Nation

“Of course the list is going to grow longer given the stresses we have in the marketplace, given the housing correction. But again, it’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation,” Paulson said on Face The Nation.

“We’re going through a challenging time with our economy. This is a tough time. The three big issues we’re facing right now are, first, the housing correction which is at the heart of the slowdown; secondly, turmoil of the capital markets; and thirdly, the high oil prices, which are going to prolong the slowdown,” he said.

“But remember, our economy has got very strong long-term fundamentals, solid fundamentals. And you know, your policy-makers here, regulators, we’re being very vigilant.”

Share/Save/Bookmark

Tags: ,

Comments

4 Comments on Treasury Sec Paulson: Banking problems ‘manageable’ - a problem that could take ‘months’ to sort out

  1. What Crisis? Dow Posts Third Biggest Gain Ever - Most Americans Don’t See the Sky Falling : Clips & Comment on Tue, 30th Sep 2008 7:15 pm

    2. [...] think that pundit was right.  Henry Paulson said just in the last couple of months that the issues in the credit and banking syste…  Then all of a sudden there’s a plan to make him king of the financial [...]

  2. me. on Fri, 12th Dec 2008 12:08 pm

    3. WHAT?

  3. Anonymous on Fri, 12th Dec 2008 12:10 pm

    4. this isnt what i needed!

  4. me. on Fri, 12th Dec 2008 12:10 pm

    5. Me either. This class is stupid. lol. I DON’T GET THIS.

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!