HenryPaulson

For many months now our nation's leaders have bent over backwards to avoid admitting what is painfully obvious to those of us on the ground: The economy sucks. Anyone who goes to the supermarket, pays rent or a mortgage or puts gas in their car knows we're already in a recession.So it's amusing to...

U.S. Treasury Secretary Henry Paulson is recommending that the government impose tighter regulations on mortgage lenders. He says this is necessary to avoid another credit crisis. He says that the regulations are behind the times and we need to update them and exercise more oversight of lenders....