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Pastimes : coug's news and views
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To: Patricia Trinchero who wrote (2573)3/14/2008 12:21:23 PM
From: coug  Read Replies (1) of 3961
 
Nobody knows.. Got this post from the Residential RE thread.. Rubin just said what I said a day or two ago..re: uncharted waters..:)

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Rubin Says Financial Markets Have Entered `Uncharted Waters'

By Matthew Benjamin

March 14 (Bloomberg) -- Former U.S. Treasury Secretary Robert Rubin said financial markets are in ``uncharted waters'' and the government may need to take ``substantial additional action'' to help homeowners.

``We are in somewhat uncharted waters,'' Rubin, chairman of Citigroup Inc.'s executive committee, said in a speech in Washington. ``The outlook for credit markets and the economy is uncertain'' and he called for ``substantial additional action in the mortgage area.''

To contact the reporters on this story: Matthew Benjamin at mbenjamin2@bloomberg.net
Last Updated: March 14, 2008 11:31 EDT

bloomberg.com
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