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Treasury Acts to Shore Up Fannie Mae and Freddie Mac
Summary from United States, from articles in English
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As share prices in the nation's largest mortgage companies tumbled for a third day, Massachusetts Democratic Rep. Barney Frank said Democrats plan to alter the Treasury's plan " to enhance taxpayer protection. (article 22)
The federal bailout plan pulled together over the weekend to bolster Freddie Mac and Fannie Mae and shore up the country's mortgage market still needs congressional approval. (article 19)
Now that the federal government has thrown a lifeline to mortgage giants Fannie Mae and Freddie Mac, taxpayers could be on the hook for billions more if the crisis of confidence spreads. (article 18)
There were encouraging signs Monday for the rescue plan, but also signs of concern - notably on Wall Street, where shares of the two companies slumped further - that the plan won't be enough. (article 18)
The plan, unveiled Sunday, is intended to signal the government is prepared to take all necessary steps to prevent the credit market troubles that erupted last year with losses from subprime mortgages from engulfing financial markets. (article 7)
As the Bush administration scrambles to address the sudden decline of the country's two largest mortgage finance companies, some of their longtime critics say the crisis has been building for years. (article 10)
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Other summaries about this story:
Other stories about Freddie, Fannie and Mac:
Event tracking:
Story keywords
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Freddie, Fannie, Mac, mortgage, Treasury |
Source articles
- Bush Offers Plan to Save Fannie, Freddie (nytimes.com, 07/14/2008, 897 words)
- Treasury Acts to Shore Up Fannie Mae and Freddie Mac (nytimes.com, 07/14/2008, 1490 words)
- ALL BUSINESS:Taxpayers on hook for mortgage rescue (Washington Post, 07/15/2008, 316 words)
- Saving Fannie and Freddie (boston.com, 07/16/2008, 409 words)
- The Boston Globe (boston.com, 07/15/2008, 792 words)
- STEVEN SYRE | BOSTON CAPITAL (boston.com, 07/15/2008, 805 words)
- FOXNEWS.COM HOME > U.S. (FOX News, 07/14/2008, 730 words)
- FANNIE & FREDDIE: BREAK 'EM UP (NY Post, 07/15/2008, 605 words)
- Fannie and Freddie: A Run on the Bank? (Washington Post, 07/14/2008, 878 words)
- Protected by Washington, Companies Ballooned (nytimes.com, 07/13/2008, 909 words)
- The Future of Fannie and Freddie (nytimes.com, 07/15/2008, 544 words)
- Key developments on housing, mortgage rescue plan (Washington Post, 07/15/2008, 330 words)
- Democrats to insist on housing grants (Washington Post, 07/15/2008, 486 words)
- FOXNEWS.COM HOME > POLITICS (FOX News, 07/15/2008, 1021 words)
- Fannie, Freddie shares dive, banks stocks weaken (Washington Post, 07/15/2008, 414 words)
- Government as the Big Lender (nytimes.com, 07/14/2008, 1440 words)
- ABC News: Fannie And Freddie: Fear Behind Fall? (ABCNews, 07/14/2008, 339 words)
- ABC News: Emergency Plan to Save Fannie and Freddie (ABCNews, 07/14/2008, 340 words)
- Boston Real Estate (boston.com, 07/15/2008, 249 words)
- Paulson sees mortgage assistance as backup (Washington Post, 07/15/2008, 307 words)
- Opposition, From Both Parties, Over Bailout Plan (nytimes.com, 07/16/2008, 1321 words)
- Congress dissects Treasury's GSE plan, no vote set (Washington Post, 07/15/2008, 329 words)
- Homebuyers unlikely to gain (ft.com, 07/15/2008, 382 words)
- Comment & analysis (ft.com, 07/15/2008, 1161 words)
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blaster@cs.columbia.edu
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