U.S. Treasury Secretary Henry M. Paulson Jr. and Chairman and CEO of Ernst & Young James S. Turley Address the U.S. Chamber of Commerce Capital Markets Competitiveness Conference
On March 26, 2008, U.S. Treasury Secretary Henry M. Paulson and the Chairman of Ernst & Young James S. Turley (a "Big Four" firm), addressed the U.S. Chamber of Commerce Capital Markets Competitiveness Conference.
In his remarks, Paulson acknowledged "financial market stress began last August and has led to significant de-leveraging and repricing of risk, and sentiment has swung hard to risk aversion."
He continued: "As we work through this turbulence, our highest priority is limiting its impact on the real economy," he said of the current situation.
He addressed, among others, these subjects: orderly financial markets, discount windown access, housing and mortgage maarkets, availability of mortgage finance, foreclosures, homeowners with negative equity.
Turley's remarks, "The Changing Dynamics of Global Capital Markets," are available here.
Highlights of Paulson's remarks are included in this FEI Summary.
Read Secretary Paulson's full remarks here.