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Fannie Mae and Freddie Mac: Averting a rescue
Summary from multiple countries, from articles in English
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WASHINGTON - The Bush administration lobbied skeptical lawmakers Wednesday to support a rescue plan for Fannie Mae and Freddie Mac, as lawmakers weighed how to protect taxpayers while still giving the government unfettered power to pour money into the mortgage giants. (article 12)
WASHINGTON - Fresh worries spread through world markets Tuesday as a crisis of confidence battered more U.S. financial institutions and the chairman of the Federal Reserve issued a sobering assessment of economic woes. (article 4)
Asian stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded even further despite a government-backed plan to help beleaguered mortgage financiers Fannie May and Freddie Mac. (article 23)
President Bush said Tuesday the nation's troubled financial system is "basically sound" and urged lawmakers to quickly enact legislation to prop up mortgage giants Fannie Mae and Freddie Mac. (article 8)
WASHINGTON - The Federal Reserve and the Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings threatened their financial survival. (article 9)
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 17)
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Other summaries about this story:
Event tracking:
Story keywords
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Freddie, Fannie, Mac, Mae, mortgage |
Source articles
- Bernanke tries to calm jitters over the economy and mortgage giants Fannie, Freddie - (baltimoresun.com, 07/16/2008, 874 words)
- Bernanke: Fannie, Freddie in no danger of failing (seattletimes.nwsource.com, 07/16/2008, 881 words)
- ABC News: Government Leaders Reassure but Dow Drops (ABCNews, 07/15/2008, 318 words)
- Squeezed economy a global concern (seattletimes.nwsource.com, 07/16/2008, 607 words)
- Keep safe the ability to borrow on a home (seattletimes.nwsource.com, 07/15/2008, 348 words)
- Fannie Mae and Freddie Mac: Averting a rescue (L.A. Times, 07/16/2008, 435 words)
- No "magic wand" for economy (seattletimes.nwsource.com, 07/16/2008, 721 words)
- FOXNEWS.COM HOME > POLITICS (FOX News, 07/15/2008, 999 words)
- Mortgage titans to get help from Fed, Treasury (seattletimes.nwsource.com, 07/14/2008, 1002 words)
- PACTS WITH FANNIE MAE AND FREDDIE MAC OFFER PROMISE OF RELIEF (NY Post, 07/14/2008, 365 words)
- Saving Fannie and Freddie (boston.com, 07/16/2008, 412 words)
- Administration presses for mortgage giant rescue (seattletimes.nwsource.com, 07/16/2008, 1035 words)
- Fannie, Freddie rise after dive a day earlier (Washington Post, 07/16/2008, 437 words)
- FANNIE & FREDDIE: BREAK 'EM UP (NY Post, 07/15/2008, 605 words)
- Fannie, Freddie shares jump; financial stocks rally (boston.com, 07/16/2008, 531 words)
- Support for Fannie, Freddie could be expensive and not enough (sfgate.com, 07/15/2008, 782 words)
- ABC News: Emergency Plan to Save Fannie and Freddie (ABCNews, 07/14/2008, 340 words)
- Boston Real Estate (boston.com, 07/16/2008, 249 words)
- Loan woes eroding confidence (boston.com, 07/15/2008, 775 words)
- Banking worries hobble stocks (seattletimes.nwsource.com, 07/15/2008, 269 words)
- Oil prices fall — but stocks do, too (seattletimes.nwsource.com, 07/16/2008, 330 words)
- US bail-out fails to calm nerves (ft.com, 07/14/2008, 67 words)
- Asian markets sink amid U.S. financial fears (cbc.ca, 07/15/2008, 342 words)
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blaster@cs.columbia.edu
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