Paulson: ‘The worst is just beginning’

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

The headline says it all, but I will say more. Treasury Secretary Henry M. Paulson Jr., pictured, committed news in this exchange captured on YouTube, and posted at Calculated Risk (it’s the second video):

Reporter: ‘Sir, is the worst over? Will 2008 have fewer foreclosures ... ‘
Paulson: ‘... in terms of sub-prime and the resets, the worst isn’t over, the worst is just beginning. We all know that.’

While I am at it, Tanta at Calculated Risk was en fuego today with this review of the performance turned in by HUD Secretary Alphonso Jackson: ‘Alphonso Jackson, whose soporific discourse leads the viewer’s mind to abandon the struggle to pick content out of the bromides and focus instead on that oddly expressionless, smooth, unwrinkled, ageless baby face of his. What, you wonder, would it take to make this man look a little troubled? Armageddon?’

Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com
Photo credit: www.treasury.gov.