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Hank Paulson The Worst is Just Beginning for Housing Markets

January 16th, 2009

A year ago, Treasury Secretary Henry Paulson predicted the fallout from the subprime mortgage crisis was “largely contained.” The reports indicate that housing markets across the nation continue to decline.

Most homeowners and people residing in the United States, would disagree with Treasury Secretary Paulson. The foreclosure rates rose 81% in 2008 and so far in 2009 the foreclosure crisis looks to be a major issue facing President Barrack Obamma.

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