Home › Forums › Housing › are they lying to us or are they clueless? › arraya wrote:Treasury
[quote=arraya]Treasury Secretary Paulson said:
“I don’t see subprime mortgage market troubles imposing a serious problem. I think it’s going to be largely contained,”
“A recession is unlikely.”
“We are experiencing a correction in the housing sector.”
“America is not in recession.”
“It is likely that housing prices won’t recover until early 2009.” [/quote] While his former firm was betting against sub-prime loans.
