Saturday, September 27, 2008

Alexander: Fix mortgage problem, then blame

By U.S. Sen. LAMAR ALEXANDER, R-Tenn, The Tennessean, September 27, 2008

Before Monday Congress should enact a significantly amended (to protect thetaxpayer) version of the "Paulson Plan" to permit the Secretary of the Treasury to buy and then sell troubled mortgage-related assets. This is necessary to unfreeze credit and make sure that Americans can secure car, auto, mortgage and student loans and cash their paychecks. .... Read more

This is an excellent article by Tennessee's Senior Senator Lamar Alexander. He answers in simple terms: "What's the problem?", "What's causing the credit freeze?", "How will the Paulson Plan help?", and "How can taxpayer be protected?"

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