Financial Markets

As expected, Secretary Hank Paulson’s hosted a press conference at 11:00am Sunday September 7, 2008. Read about it below. I am glad we have a man of Hank Paulson’s calibre and experience leading us through a very, very difficult time in global financial markets.   

The Treasury Department and the Federal Housing Finance Agency, with support from the Federal Reserve, announced actions today regarding the housing government sponsored enterprises to protect the financial system, to support the housing market, and to protect the taxpayers.

http://treasury.gov/news/index1.html

From Chairman Ben Bernanke

http://www.federalreserve.gov/newsevents/press/other/20080907a.htm

From the Federal Housing Finance Agency Director James B. Lockhart

http://treasury.gov/press/releases/reports/fhfa_statement_090708hp1128.pdf