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 before summer recess. "Congress understands how important these institutions are," he said on Face the Nation.
"God Bless the Dream, the Dreamer and the Result."
Sunday, July 20, 2008
Economic Recovery to Take Months: Paulson
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