Paulson (Best Syndication News) As expected, the Federal Reserve and U.S. Treasury worked out a plan to infuse the secondary market lenders Fannie Mae and Freddie Mac. These corporations hold about half of the $12 trillion of U.S. mortgages and are just too big to fail. Treasury Secretary Henry Paulson said “Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission.” The bailout may be good news for investors who saw the stock indexes fall last week on fears of a collapse. read more ...
Anytime
Paulson (Best Syndication News) As expected, the Federal Reserve and U.S. Treasury worked out a plan to infuse the secondary market lenders Fannie Mae and Freddie Mac. These corporations hold about half of the $12 trillion of U.S. mortgages and are just too big to fail. Treasury Secretary Henry Paulson said “Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission.” The bailout may be good news for investors who saw the stock indexes fall last week on fears of a collapse. read more ...