NEW YORK (Reuters) - Investors snapped up shares of mortgage finance giants Fannie Mae (FNM.N) and Freddie Mac (FRE.N) before Wall Street opened on Thursday, a day after the House of Representatives passed a massive rescue package to shore up the struggling housing market.
Read more
Showing posts with label Freddie Mac. Show all posts
Showing posts with label Freddie Mac. Show all posts
Thursday, July 24, 2008
Tuesday, July 22, 2008
The $25 billion rescue
WASHINGTON - A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress’ top budget analyst said Tuesday.
But Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there’s a better than 50 percent chance the government will not have to step in to prop up the companies by lending them money or buying stock.
Read more
But Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there’s a better than 50 percent chance the government will not have to step in to prop up the companies by lending them money or buying stock.
Read more
Subscribe to:
Posts (Atom)
