Targeted intervention is the key

Paulson, Henry
October 2008
Lending Strategy;Oct2008, p21
Trade Publication
The author examines the $700 billion bailout plan by U.S. Treasury Secretary Henry Paulson. He notes that the proposed plan reflects not only the political determination to correct failing markets, but also the magnitude of the problems affecting the U.S. mortgage market. He cites that Great Britain's housing industry is suffering in the same way as the U.S., but only in a smaller scale. The author infers that the British government could do more to encourage market-led solutions instead of large scale intervention.


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