Columbia Newsblaster: Paulson seeks to restore faith in credit markets

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Paulson seeks to restore faith in credit markets
Summary from multiple countries, from articles in English

WASHINGTON (AP) Treasury Secretary Henry Paulson said Thursday that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit crisis that is dragging the economy down. (article 3) One recommendation calls for federal and state regulators to strengthen oversight of mortgage lenders and another urges state financial regulators to implement strong nationwide licensing standards for mortgage brokers, according to the group's report, released Thursday. (article 3) Hank Paulson on Thursday called on financial institutions to raise more capital and reduce their dividends in order to strengthen their balance sheets as he set out the US government's regulatory response to the credit crisis. (article 7) Treasury Secretary Henry Paulson outlined a series of broad-based proposals Thursday aimed at restoring faith in the mortgage business and shoring up the battered financial services sector. (article 1) NEW YORK - US policy makers, led by Treasury Secretary Henry Paulson, will recommend a revamp of rules on credit markets and mortgage brokers to help avoid a repeat of the recent credit crunch, the Wall Street Journal reported. (article 2) Paulson outlined suggestions of the president's working group on financial markets, which for months has been exploring ways to prevent ward off any such chilling scenarios in the future. (article 4)

Other summaries about this story:

Summary from United States, from articles in English (6 articles) [compare]

Summary from the United Kingdom, from articles in English (3 articles) [compare]

Other stories about Credit, Mortgage and markets:

End in sight to subprime mortgage writedowns: S&P (8 articles)

US Treasury Secretary Henry Paulson urges banks to bolster finances after Carlyle Capital Corporation collapses (12 articles)

Central banks fight credit crisis (2 articles)

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Story keywords

Credit, Mortgage, markets, Banks, securities

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