10/17/2007

Treasury Secretary Henry Paulson expressed concern Tuesday about continued housing-market problems, echoing comments made one day earlier by Federal Reserve Chairman Ben S. Bernanke. Paulson proposed regulatory changes for banks, mortgage brokers and other key financial players as a way of stemming off future housing-market woes. "This patchwork structure should be streamlined and modernized," Paulson said of the current system, where no single regulator oversees all lenders.

Related Summaries