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Paulson: Mortgage Aid For Troubled Borrowers Would Do Harm

First Posted: 03/28/08 03:46 AM ET Updated: 05/25/11 01:25 PM ET

Henry Paulson

Plans for sweeping federal programs that would aid troubled mortgage borrowers would bring unfair relief to speculators and reward investors who made bad bets, U.S. Treasury Secretary Henry Paulson said on Thursday.

"Most proposals I've seen would do more harm than good," he said in a speech to the Economic Club of Chicago.

Read the whole story: Reuters


Filed by Nicholas Sabloff  |