Paulson, among other things, touts the multi-pronged approach the administration is taking to alleviate the housing downturn. His full remarks are here. he points out that Fannie and Freddie paper is a bargain given the US government guarantee. Jump right in, folks.
Equities briefly rallied after Bernanke reiterated the potential for the Fed to use its balance sheet to push long-term rates lower but prices have begun to slide again. They are now down about 450 points on the day.
