Paulson is Right: The System Needs Fixing
December 02, 2008 at 13:51 PM EST
Treasury Secretary Hank Paulson, in a speech this month, gave some prescriptions for fixing components of the financial system which are worthy of consideration, including changing flawed executive compensation plans and rectifying failed regulatory systems. As we have seen, the root of the crisis is the widely held assumption that housing prices would continue to rise [...]