January 7, 2008

Paulson: no easy answer to mortgage woes (AP)

Secretary of the Treasury Henry Paulson addresses the New York Society of Security Analysts in New York Monday, Jan. 7, 2008. The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Paulson said Monday, adding that a correction in the housing market is 'inevitable and necessary.' (AP Photo/Richard Drew)AP – The Bush administration is working to combat the country’s severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is “inevitable and necessary.”

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