TITLE

The Bailout of Fannie Mae and Freddie Mac

AUTHOR(S)
Moseley, Fred
PUB. DATE
September 2008
SOURCE
Dollars & Sense;Sep/Oct2008, Issue 278, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on the announcement by U.S. Treasury Secretary Henry Paulson that the U.S. government was taking over Fannie Mae and Freddie Mac. A brief history of these two giant home mortgage companies is provided. Due to changes in its regulation by the government, both companies' financial situation began to deteriorated. The U.S. Treasury concluded that it had to implement a takeover in order to reassure creditors and restore stability to the home mortgage market.
ACCESSION #
35032556

 

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