NEW YORK, April 20 U.S. Treasury Secretary
Henry Paulson said on Friday the housing market correction
appears to be at or near its bottom and that troubles in the
subprime mortgage market will not likely spread throughout the
"We've clearly had a big correction in the housing market.
Retail housing was growing for some time at a level that was
not sustainable," Paulson said in a speech to The Committee of
100, a business group in New York promoting better Chinese
"I don't see (subprime mortgage market troubles) imposing a
serious problem. I think it's going to be largely contained,"