Paulson Calls Housing Crisis the “Most Significant Risk” to Economy

According to The Wall Street Journal article dated October 17, 2007 (Page A5), U.S. Treasury Secretary Henry Paulson claims the decline and related problems in credit and mortgage markets were “the most significant current risk to our economy.”  His speech is being viewed as significant because his comments reflect the continuing pressure that is causing turbulence in the financial markets.  Mr. Paulson believes the mortgage market problems will continue to persist.

Original Article Source: “Paulson Urges Action on Housing“, Damian Paletta, WSJ, October 17, 2007