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| Permalink View Article Stats Hank Paulson: Ex-Goldman Sachs CEO, Ex-Bush Treasury Secretary - and Ex-actly Right Quicklink submitted by Margaret Bassett (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Sec. Paulson stated that the root causes of the crisis were housing policy in addition to the lack of regulation. He explained that many mortgages had big regulatory gaps and many mortgages issued in many number of states did not have an adequate regulator. Sec. Paulson recommended including in a regulatory blue print a consumer agency that focuses on consumer protection and a mortgage origination commission that evaluates the training and regulation that goes on a state level and will be able to evaluate the different programs so investors would be informed. |
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