The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (164376)	11/14/2008 4:23:26 PM
From: Les H	Read Replies (1) of 306849

Paulson, who met Monday with two members of Obama's economic transition team, said in an interview Wednesday that he would not propose anything new before the next administration takes office unless he feels it is absolutely necessary for the economy. "We're not going to go to big lengths to do things that could be done later," he said. Paulson also said he still expects that $700 billion will be enough. But with Treasury's commitment earlier this week to buy $40 billion in stock of ailing insurance giant AIG, $290 billion of the $350 billion first installment is already spoken for. Either the Bush administration or the Obama administration will have to survive a congressional vote on the second $350 billion funding installment. Such a request will likely set up a fight, with lawmakers trying to steer the use of the money. "It's conceivable use of the remaining funds could come with more congressional strings attached," Goldman Sachs said in a note to clients. insurancenewsnet.com

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