Bonds

Paulson, Banks Push Covered Bonds 

Take that, Fannie and Freddie. U.S. Treasury secretary Henry Paulson didn’t utter those exact words during a press conference Monday announcing a set of best practices for residential mortgage covered bonds, but he may as well have done so; flanked by major banking execs, Paulson unveiled a set of best practices for the bonds and talked about “increasing mortgage funding availability” and “strengthening our financial system.”