SINGAPORE - Former United States Secretary Treasurer Henry Paulson said, the American government is requiring the effectiveness of the work in order to combat the global financial crisis. As quoted from Reuters, Wednesday (31/12/2008), Paulson said, to the front of the regulations is the need to perketat financial system infrastructure that exists. Where can these rules without damage greater financial intitusi. "We can do it all without authority and as required of other countries," he said.
At the congress last October, he admitted the funds USD700 billion dollars as a relief program also experienced problems disbursement. So surefire United States government still experiencing shortages of funds, especially the kebangkurtan non-bank financial institutions. "We are faced with something that happened in real history and not the history book," he said.
This is the first and had difficulty faced by all, where the excess to rebuild all that need several years. Then, followed by the lack of desperation in the global architecture and regulations.
Paulson also said, many regulations that must be checked and pressed to make better and more effective. Regulations require a infrastukrtur own strength and to avoid wider intitusi the return failed (bankrupt).
"This is intended to automatically organisai financial institutions are no longer experiencing the disintegration of large or associated with it," he said.
According to Paulson, in spite of government violence be done and imposed a global financial crisis. However, the trust fund will be the absorption of strong until August, as occurred on the issue of housing loans in Fannie Mae and Freddie Mac, which threatened united as the results of the report in September and is considered dangerous for financial institutions.
"If you ask me six months ago, then my answer is right there, if I was by this challenge," he said.
However, we have never experienced this some time ago, when the situation has been frustrating and need to make to get more understanding from the community or even the understanding of the institution of parliament will be faced surprises.
When discussed the situation last year, Paulson said in private that an extraordinary conditions. Where members of the government entirely out of the treasurer since July.
But Paulson also give praise for a replacement, said, they have a great team and do not need any advice, and I believe.
At the congress last October, he admitted the funds USD700 billion dollars as a relief program also experienced problems disbursement. So surefire United States government still experiencing shortages of funds, especially the kebangkurtan non-bank financial institutions. "We are faced with something that happened in real history and not the history book," he said.
This is the first and had difficulty faced by all, where the excess to rebuild all that need several years. Then, followed by the lack of desperation in the global architecture and regulations.
Paulson also said, many regulations that must be checked and pressed to make better and more effective. Regulations require a infrastukrtur own strength and to avoid wider intitusi the return failed (bankrupt).
"This is intended to automatically organisai financial institutions are no longer experiencing the disintegration of large or associated with it," he said.
According to Paulson, in spite of government violence be done and imposed a global financial crisis. However, the trust fund will be the absorption of strong until August, as occurred on the issue of housing loans in Fannie Mae and Freddie Mac, which threatened united as the results of the report in September and is considered dangerous for financial institutions.
"If you ask me six months ago, then my answer is right there, if I was by this challenge," he said.
However, we have never experienced this some time ago, when the situation has been frustrating and need to make to get more understanding from the community or even the understanding of the institution of parliament will be faced surprises.
When discussed the situation last year, Paulson said in private that an extraordinary conditions. Where members of the government entirely out of the treasurer since July.
But Paulson also give praise for a replacement, said, they have a great team and do not need any advice, and I believe.
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