Bangkoktraveler Posted July 14, 2008 Report Share Posted July 14, 2008 CNN News July 13, 2008 The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy. Treasury Secretary Henry Paulson said the Bush administration plans to ask Congress to enact legislation to temporarily increase the line of credit that the companies have with the Treasury. It would also allow the Treasury to buy stock in the companies. Rest of the article can be found Here. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted October 19, 2008 Author Report Share Posted October 19, 2008 CNN NewsJuly 13, 2008 The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy. Treasury Secretary Henry Paulson said the Bush administration plans to ask Congress to enact legislation to temporarily increase the line of credit that the companies have with the Treasury. It would also allow the Treasury to buy stock in the companies. Rest of the article can be found Here. Bush was interested in saving Fannie Mae and Freddie Mac way back in July! Link to comment Share on other sites More sharing options...
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