Is the credit crises over?

US Treasury Secretary, Henry Paulson seems to think that the worst of the credit crises might be over. The fed has provided $168 billion in tax rebates (although about $130 million of this is believed to have been used up by the rising gas prices). Housing is an area the fed is always on the watch out for. For details on the interview with Secretary Paulson, visit http://edition.cnn.com/2008/BUSINESS/05/08/paulson.ap/index.html. For white papers on the US mortgage industry sign up at PrivoCorp

House OKs $15B for states to buy, fix foreclosed properties

The govenment has come out with a plan to reduce the whirlpool effect of foreclosures driving down costs of homes further by this plan. For further information visit http://www.usatoday.com/news/washington/2008-05-08-congress-housing_N.htm. For selected articles and whitepapers visit http://www.privocorp.com/