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Paulson Wants to Rein in Mortgage Markets
The President's Working Group on Financial Markets has blasted the mortgage industry for its role in the global credit crisis that began with sub-prime mortgages.
The President's Working Group on Financial Markets has blasted the mortgage industry for its role in the global credit crisis that began with sub-prime mortgages. Treasury Secretary Henry Paulson, who chairs the Group, wants home-buyer protections and new rules industry-wide. Peter Gosselin is national economics correspondent for the Los Angeles Times.
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