Paulson: Housing Bill Has Faults

Investor's Business Daily (06/02/08) P. A2
U.S. Treasury Secretary Henry Paulson expressed concern about the housing bill in the Senate over the issue of mortgage guarantees but said a stronger regulator for government-sponsored enterprises Fannie Mae and Freddie Mac is still needed. "Some parts of the legislation are modestly helpful and others are not helpful," said Paulson. "It's a big part of my job to work to get the strongest possible housing bill on the president's desk so he can sign it."