Paulson said he expects continued market volatility but he is confident that stability will be restored.

保尔森说，他预期市场会继续动荡，但是他有信心恢复稳定。

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But the true depth and extent of the losses did not become clear until earlier this year, Mr. Paulson said.

但是，损失的实际深度和广度直到今年早些时候才变得清晰起来，保尔森说。

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"We just bought eight hotels in bankruptcy, and one of them is La Quinta in Palm Springs," Mr. Paulson said.

我们只是收购了八家破产的旅馆，其中一间是棕泉市的拉昆塔“保尔森继续说。”

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Treasury Secretary Henry Paulson said Thursday that he looks forward to a smooth transition.

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"I continue to have confidence in the underlying strength of the global economy, " Paulson said.

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Paulson said the tumble in home prices resulting from the mortgage mess is not necessarily bad.

CNN: Paulson upbeat despite economy woes