The liberal bias of the MSM has fooled the Secretary of the Treasury into believing there are rough times ahead.
Paulson, U.S. Banks Forge Foreclosure-Freeze Deal (Update3)
By Alison Vekshin
Feb. 12 (Bloomberg) -- Treasury Secretary Henry Paulson and banks representing half the U.S. mortgage market agreed to offer 30-day freezes on foreclosures, acknowledging the need for a stronger response to the worst housing slump in a generation.
``The worst isn't over, the worst is just beginning'' for some borrowers, Paulson said today at a news conference in Washington with Housing and Urban Development Secretary Alphonso Jackson. The housing correction ``is not over; it's going to take longer,'' he said.
Calculated Risk has the video clip of the "worst" part:
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