US Treasury to support stricken Fannie Mae, Freddie Mac (Deutsche Welle)

Story date: 2008-07-14 02:16:14
Added on: 2008-07-14 14:26:04

The United States government has announced sweeping measures to support the nation's two largest mortgage finance companies Freddie Mac and Fannie Mae. The move guarantees both companies' debts and is being led by Treasury Secretary Henry Paulson, in a move to shore up confidence in their survival.


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