Paulson sees more bad news ahead - Aug. 16, 2007

Paulson sees more bad news ahead - Aug. 16, 2007: "WASHINGTON (Fortune) -- Treasury Secretary Hank Paulson predicts that the 'current strained situation' in the markets 'will take time to play out, and more difficult news will come to light. Some investors will take losses, some organizations will fail,' he says in remarks that will appear in the forthcoming issue of Fortune. But, he stresses, global economic fundamentals remain healthy, providing a solid base for financial markets to continue to adjust. 'The overall economy and the market are healthy enough to absorb all this,' he notes."