The Importance of Housing Reform

The housing correction needs to run its course,U.S. Treasury Secretary Hank Paulson believes.Only at that time will we be entirely through this period of stress in the financial markets.One key in the housing crisis is having mortgage finance available.Housing reform is more important in magnitude than anything else.I'm focused on the job in front of me,not what happens after the U.S. presidential election.The more flexible the authorities are,the more confidence there will be in the marketplace.Government shouldn't try to impede the correction in housing,the Secretary continued.