Paulson said the plan being drawn up to stimulate more lending

U.S. Treasury Secretary Henry Paulson (Henry Paulson) Monday said the Government is drawing up plans to stimulate more bank loans; but at the same time he warned that a severe financial crisis will continue. Paulson in the Fortune 500 Forum, said: "Although we made some progress, but the journey ahead will be very difficult." He said that the Government will not only take a single action to stop the economic decline of the situation, but will work to Businesses and individuals trying to improve the consumer credit flow. Paulson said that regardless of whether the bank has received the Ministry of Finance 150,000,000,000 U.S. dollars in financial aid, they have an obligation to boost bank lending market. He said: "We hope that the bank can increase with the help of government loans, which is important." Paulson said that the Ministry of Finance is developing plans to further strengthen the bank loan market, but did not provide more details. He pointed out: "to do a good job in the implementation of these plans ready, we will work with Congress and the next government to carry out consultations." Paulson said the drag down to the loss of housing foreclosures, the U.S. government can do the most important thing is to ensure that at a lower cost to provide more mortgages. He said: "Although we have to Fannie Mae and Freddie Mac bonds to provide the security measures, but these bonds and related interest rate mortgage interest rates did not decline as we previously expected as high."