[lbo-talk] Paulson on housing

[Doug Henwood]

CNBC reports that Treasury Secretary Henry "Hank" Paulson says that  
the financial markets have not yet fully digested the impact of the  
housing downturn.

A Treasury Secretary isn't supposed to say things like this. Though I  
heard a few weeks ago that Goldman Sachs is still short financial  
stocks, because they think the credit problems still have a way to  
run. So maybe Hank is helping out his old friends.

Doug