Ex-Treasury Secretary on Mortgage Crisis

He dismissed suggestions by Republican lawmakers that an extension of President George W. Bush’s tax cuts would provide an effective fiscal remedy. “Fiscal stimulus is critical but could be counterproductive if it is not timely, targeted and temporary,”

Fed Approves Plan to Curb Risky Lending

The Bush administration has pushed for voluntary agreements aimed at avoiding some, but far from all, of the foreclosures expected next year.

Voluntary emission standards, voluntary lending laws.