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Ellen Seidman in The Washington Independent | 'The Best Explanation so Far for Paulson’s Bailout Behavior'

November 13, 2008
Related Programs:
Asset Building Program, Financial Services and Education Project
The question crossed my mind after New America Foundation’s Ellen Seidman described as “really inept” a news conference on Tuesday by Treasury, Fannie Mae and Freddie Mac, to announce a new program to streamline loan modifications. Seidman said Treasury completely oversold the plan, to make it seem like it would cover more mortgages than the plan actually called for. Then, to make it worse, the Treasury spokesman ran out of the briefing room to avoid answering questions. LINK

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