Bernanke: Fannie, Freddie in no danger of failing (AP)

Courtesy Ytop stories  Wed, 07/16/2008 - 10:36am

The Freddie Mac headquarters in McLean, Virginia.<br /><br />Shares in Fannie Mae and Freddie Mac have steadied after a near-meltdown last week, as investors mulled a weekend plan offering a government lifeline for the US mortgage finance giants.(AFP/File/Paul J.<br /><br />Richards)AP - Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing."




 

More related items

US spells out Fannie-Freddie backstop plan (AP)
AP - The Federal Reserve and the U.S. Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings...

Washington, Wall St. weigh Fannie, Freddie help (AP)
AP - Wall Street and Washington wrestled Friday with how to shore up mortgage giants Fannie Mae and Freddie Mac, two troubled pillars of the economy whose failure would deal a devastating...

Fannie, Freddie sink on government rescue fears (AP)
AP - Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could well become a self-fulfilling prophecy.

Fannie, Freddie cleared to pump $200 billion into market...
Reuters - The regulator of Fannie Mae and Freddie Mac on Wednesday eased capital requirements for the two biggest housing finance agencies, allowing them to pump up to $200 billion into the...

Dow plunges on news recession began in Dec. 2007 (AP)
AP - Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad...


 

Post new comment

The content of this field is kept private and will not be shown publicly.