Housing Crisis

Treasury Secretary Henry Paulson said today that the subprime crisis raises the 'potential of a market failure.' He asked for a freeze on interest rates to prevent catastrophe. A collapse of the economy caused by mortage meltdown could plunge the nation into a deep depression.

Paulson defends 'freeze' plan as a way to prevent the current crisis from becoming worse and derailling the economy. We stand now at the crossroads and must choose the right path to secure success.