After the U.S. House of Representatives passed a housing
bill including provisions for the creation of a new GSE
regulator and a liquidity backstop to help the beleaguered Fannie Mae and
Freddie Mac, U.S. Treasury Secretary Paulson expressed his gratitude for
the bill having passed quickly.
“As I have said before, the GSE portions of this bill are orders of
magnitude more important to turning the corner on the housing
correction and…