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Economic Recovery to Take Months: Paulson

But banking remains 'safe and sound'

By Caroline Zimmerman, Newser User

Posted Jul 20, 2008 5:42 PM CDT

(Newser) – Henry Paulson sought to reassure Americans today that US banking is "sound" despite a growing list of troubled banks, Reuters reports. He also said the economy will stay slow for months, but expressed confidence that Congress will shore up Fannie Mae and Freddie Mac... Read full story »

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Economic Recovery to Take Months: Paulson

But banking remains 'safe and sound'

Henry Paulson • Freddie Mac • IndyMac • Fannie Mae • mortgage debt • banking • subprime crisis • financial crisis

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More Newser Stories

In Times of Crisis, Paulson's the 'Decider'

Fannie-Freddie bailout shows Treasury sec enjoys a free hand

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Treasury chief Henry Paulson has turned to intervention to calm markets

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Paulson says US emerging from storm

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Criteria keep many who need help from refinancing under the plan

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