Paulson iron teeth clenched firmly opposed to intervention in the subprime mortgage crisis into.

<P> Although many analysts and politicians have repeatedly urged the U.S. government resorted to a more supportive measures have been taken to a more comprehensive plan, including buying, restructuring and resale of troubled mortgage loans to make it again a reasonable .valuation, but the U.S. Treasury Secretary Henry Paulson strong-willed, it seems that will not easily be discounted. .</ P> <P> since the current crisis, there have been nearly 2,000 billion U.S. dollars of investment in housing evaporation, analysts expect about half of the total write-down at the same time, declining home values and mortgage defaults on the record .rising at a rate records are made the situation worse. .Although the Fed and the White House have resorted to a number of measures, but did not solve the root of the crisis - a huge number of default and facing foreclosure of mortgages. .So many people have called on the government to take more aggressive action. .</ P> <P> However, the U.S. Chamber of Commerce on Wednesday to a speech, Paulson said the spread on Capitol Hill views - with taxpayer money to help homeowners reduce the loan amount, and a lower .refinance interest rates in order to make the homeowners to avoid the houses were foreclosed on - there has not yet started. .</ P> <P> It http://finance. Hearing, Paulson said the Bush administration is not willing to support anything that might slow the housing market correction needed to measure retreated. .Experienced a shrinking of the owner of assets, and without a systemic solution. .Only those who can not repay because of the interest rate increase, and that can not be due to reduced assets and refinancing homeowners, the need for government assistance. .</ P> <P> he repeated the wording of the White House, urged Congress to complete the two programs, in order to make the federal housing authorities to meet modern needs, and modify the federal government Fannie Mae and Freddie Mac on supervision orders. .He said: This two programs are near completion, I hope now to complete this important bill to the purposes and to help homeowners and the U.S. economy. .</ P> <P> In addition, Paulson also said he fully backed by the Fed action: Bear Stearns found itself facing bankruptcy and the Fed to act quickly to avoid the spread of the crisis. .He also believes that the Fed temporarily to provide liquidity to the primary broker of the action, is the recognition of the financial system and investment banks play a role in the nature of the current change. .</ P>.