I think it's entertaining to watch the worst Presidential administration in the history of the United States do their thing. They keep on shocking and surprising with their incompetence and mismanagement.
But at the same time, it's so sad. So very sad.
Folks, your leadership is clueless, incompetent, corrupt and negligent. This cozy little club lies with such ease, it's borderline psychopathic.
Here's Hank, trying to sell Americans a bill of goods. Note to Hank - they're not buying. And if you haven't read it, HP recommends Manias, Panics and Crashes. Idiot.
Paulson: Housing slump likely near end
WASHINGTON - The major slump in the housing market is nearing an end and should not have a significant impact on the overall economy, Treasury Secretary Henry Paulson said Wednesday.
Paulson refused to comment specifically on the market impact of troubles confronting two large Bear Stearns hedge funds that invested heavily in subprime mortgages — loans made to borrowers with spotty credit histories.
"We have had a major housing correction in this country," Paulson said in an interview with a small group of reporters at the Treasury Department. "I do believe we are at or near the bottom."
Paulson said he realized there would be losses along the way but said he believed those losses have been "largely contained."
"It doesn't pose a risk to the economy overall," he said.
