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The Government Says
Unofficial blog of briefings from the Whitehouse. Based on DowningStreetSays.com.

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Whitehouse Press Briefings with alerts and comments - for you to read and respond to what the Press Secretary actually says, rather than what they were reported as saying.

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Q Sure. I'd like to ask two things if I can. Could you explain a little bit more about the additional authorities that you think might be needed? Is there going to be additional regulation or additional legislation?

SECRETARY PAULSON: Well, let me say, in the intermediate and longer term, clearly we need a -- we're going to need major regulatory changes, and I've spoken a lot about that. And we could use additional authorities to deal with non-bank financial institutions. But again, that's going to take longer for Congress to do. And right now we're working with the tools we have, and what you're finding is that the Fed, the SEC, Treasury, the FDIC -- we're all working together and we're going to do what's necessary to protect this system with the tools we have.

seen at 09:00, 15 September in Whitehouse Press Briefings. Email this to a friend.
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