News roundup: Treasury Secretary Paulson works to contain a "debacle".

Bloomberg has a good story on U.S. Treasury Secretary Henry Paulson and his obstacles after leaving Goldman Sachs and joining government. Will his creation of a superfund(M-LEC) with some of the world's top banks be able to save the U.S. economy or at least stop the mortgage crisis from getting worse? Read it here.

The Financial Times(FT.com) meanwhile has an interesting article on the benefits and "pitfalls" of the global economy and how the mortgage crisis effects are felt globally. Read it here.

Tags: Bloomberg, Financial Times, globalization, Henry Paulson, M-LEC, mortgage crisis, US Economy=================== - -Blog index

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