Therefore, the argument raised doesn’t seem to have too much sustenance. While the purchase of active toxic ceased to be the priority for Paulson, not so the generation again funding, beyond the banking system, which is considered vital for the recovery of the U.S. economy. Why Paulson announced that the Fed and the Treasury are studying the development of a line of credit aimed at maximum quality AAA asset-backed securities and to encourage private investors to return to this market. On the other hand, from the Fed, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Office of Thrift Supervision have been asked to U.S. banks that contribute to the recovery of the economy generating credit.
For this purpose have issued a joint communique in which you can read: the agencies expect all banking organizations to fulfill their fundamental role in the economy as intermediaries of credit to businesses, consumers and other solvent borrowers. In addition, Paulson and Bernanke are working to achieve the revival automotive market, hard hit by the crisis, as we previously, comentaramos generating financing for the acquisition of vehicles. For mortgage borrowers, the Federal housing finance agency, announced a plan of assistance consisting in the reduction of interest rates, limits on the value of the fee linked to the level of family income and extensions of the term of mortgages up to a period of 30 or 40 years. The multiplicity of ads that made the American Government and the changes in the decisions taken, inevitably make one think that the USA.UU., does not have a defined plan to overcome the current crisis. Everyone seems to be without a clear idea and uncoordinated efforts. This turns on a warning light that the U.S.
Government could squander several billions of dollars without achieving the expected results. What is the plan to get to the United States.UU. from the crisis? I think it is the question on which Obama must work to articulate all the efforts made by the Government in an effective way. To do this, you You must perform a more thorough diagnosis of the situation to identify the weak points on which to work. Obama has to please that his election has renewed hopes of the American people, but has against that with the passage of time, if failure results in the short term, the pressures will increase.