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On the Record

Addressing the Housing and Financial Market Crises

At a Brookings conference on consumer payments, sponsored by the Initiative on Business and Public Policy, David H. McCormick, under secretary for international affairs at the U.S. Treasury Department, addressed the current difficulties in U.S. financial and housing markets. “We are … confident,” said McCormick, “in the resilience and diversity of the U.S. economy and that we will move through these difficulties, just as we have moved through difficult periods in the past.”

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