Hope you all had a great weekend!  At the start of a new week this morning we run across more changes in the industry.  Announced today, HUD Cheif Alphonso Jackson will be resigning as of April 18, 2008.      

     Henry Paulson, Treasury Secretary, today proposed a set of changes to the nation's financial market system, including an expansion of the Federal Reserve's authorities, which could easily be the biggest engine overhaul of Wall Street since the Great Depression.  This plan comes as concerns on the housing and credit crisis fallout in the financial system and continues to call for change in Washington. These changes, if acted upon, would be  invisible to consumers but would drastically change how the financial services industry is regulated.

     Hope you all have a great Monday!

 
Post is included in group: Indianapolis Carmel Westfield Fishers Experts
Post is included in group: Indianapolis Mortgage News and Blog

1 Comments on Monday 03/31/2008

MAR
31
2008
455,962 Points 10 Featured Posts Outside Blog
I believe this is a step in the right direction.  They have realized that one bank or company could once again bring down the whole American economy.  We can't let that happen ever.
9:42am • #1

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Jacob Webster Indiana's Senior Mortgage Consultant

Zionsville, IN

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Sagamore Home Mortgage, LLC.

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