Wednesday, October 1, 2008

The $200 billion government takeover of Freddie Mac and Fannie Mae



The $200 billion government takeover of Freddie Mac and Fannie Mae is intended to keep the economy from collapse, Thalia Assuras reports. Harry Smith talks to U.S. Treasury Secretary Henry Paulson.


Source: cbs news

1 comment:

Avatar said...

To keep up with Wall Street expectations, Fannie Mae held onto more mortgages and mortgage-backed securities for investment purposes. The same practice nearly drove the company into bankruptcy in the early 1980s. Once again it was spared in 2008.
nomedals.blogspot.com