While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Henry M. Paulson, Jr., secretary of the Treasury, speaking the at the Capital Markets Conference: “The Fallout in subprime (junk) mortgages is going to be painful to some lenders, but it is largely contained.”
[restored 3/23/2024]
Subsequent Events:
References:
http://www.treas.gov/press/releases/hp306.htm
www.treas.gov/press/releases/hp306.htm