Silverbird
Market Veteran
- Reaction score
- 27
State of Union will be carried live on CNBC.com at Jan 28 2pm EST meanwhile....
It appears I jumped the gun and the State of the Union will be covered by CNBC at 2:00, but on January 28.
Meanwhile, here are some comments from Paulson:
http://www.cnbc.com/id/22539552
Treasury Secretary Henry Paulson said Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but does not want to rush.
"Our most immediate goal is to minimize the impact on the real economy," Paulson said in excerpts from a speech he is to deliver in New York this afternoon. "This will require patience as we thoughtfully evaluate next steps."
Ok, that sounds fine.
He [Paulson] took a swipe at the Democrat-controlled Congress, saying it should speed up reform of government-sponsored enterprises that engage in mortgage lending by temporarily raising loan limits to permit GSEs to package so-called "jumbo" mortgages into securities that can then be resold to investors.
He wants more mortgage sausage for sale?
It appears I jumped the gun and the State of the Union will be covered by CNBC at 2:00, but on January 28.
Meanwhile, here are some comments from Paulson:
http://www.cnbc.com/id/22539552
Treasury Secretary Henry Paulson said Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but does not want to rush.
"Our most immediate goal is to minimize the impact on the real economy," Paulson said in excerpts from a speech he is to deliver in New York this afternoon. "This will require patience as we thoughtfully evaluate next steps."
Ok, that sounds fine.
He [Paulson] took a swipe at the Democrat-controlled Congress, saying it should speed up reform of government-sponsored enterprises that engage in mortgage lending by temporarily raising loan limits to permit GSEs to package so-called "jumbo" mortgages into securities that can then be resold to investors.
He wants more mortgage sausage for sale?