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Lawmakers move to curb Fannie Mae, Freddie Mac pay
Summary from United States, from articles in English
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The Fed and the comptroller's office began combing the books of the two largest U.S. home loan companies after their declining stock prices caused widespread anxiety in the market, the paper said, quoting Treasury Secretary Henry Paulson. (article 13)
The administration on July 13 unveiled a plan to provide unlimited government loans to the two mortgage giants and to purchase stock in the two companies if needed. (article 20)
Bush: Troubled financial system is sound WASHINGTON 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 16)
The pair have been hit hard over the past year by mounting losses tied to the downturn in the mortgage market, and the government was forced to step in over the weekend to reassure Wall Street of the companies' solvency. (article 9)
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 18)
A senior US Treasury official has welcomed Freddie Mac's efforts to continue raising capital from private investors after a government rescue plan for the troubled mortgage firm and its sister company Fannie Mae was announced. (article 7)
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Event tracking:
Story keywords
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Freddie, Fannie, Paulson, companies, Mac |
Source articles
- New Regulator in Rescue Plan Spurs Debate (nytimes.com, 07/21/2008, 1530 words)
- Trouble at Fannie Mae and Freddie Mac Stirs Concern Abroad (nytimes.com, 07/21/2008, 1226 words)
- Fannie and Freddie: Getting to know powerful pair (Washington Post, 07/22/2008, 352 words)
- FOXNEWS.COM HOME > POLITICS (FOX News, 07/22/2008, 1062 words)
- FOXNEWS.COM HOME > POLITICS (FOX News, 07/21/2008, 886 words)
- Woes Afflicting Mortgage Giants Raise Loan Rates (nytimes.com, 07/23/2008, 709 words)
- Treasury welcomes Freddie Mac fundraising (ft.com, 07/20/2008, 405 words)
- Lawmakers move to curb Fannie Mae, Freddie Mac pay (Washington Post, 07/22/2008, 678 words)
- Freddie Mac takes step toward issuing stock (Washington Post, 07/22/2008, 418 words)
- A Mortgage Rescue Strains Calculations (nytimes.com, 07/23/2008, 1121 words)
- Fannie, Freddie rescue gets big price tag as House vote looms (Washington Post, 07/22/2008, 408 words)
- Fannie, Freddie bailout may have $25 billion tag (Washington Post, 07/22/2008, 326 words)
- Regulators check Fannie, Freddie books: report (Washington Post, 07/22/2008, 180 words)
- As Loan Giants Are Inspected, Bush Prods Congress (nytimes.com, 07/22/2008, 1062 words)
- A Time for Urgency (nytimes.com, 07/23/2008, 646 words)
- Bush: Troubled financial system is 'sound' :: CHICAGO SUN-TIMES :: Nation (suntimes.com, 07/22/2008, 1007 words)
- Lawmakers reach deal on Fannie, Freddie rescue (boston.com, 07/23/2008, 492 words)
- Boston Real Estate (boston.com, 07/22/2008, 249 words)
- White House seeks movement on housing bill (Washington Post, 07/21/2008, 534 words)
- Paulson says financial stability is top priority (Washington Post, 07/22/2008, 337 words)
- Mortgage giant rescue could cost $25b :: CHICAGO SUN-TIMES :: Nation (suntimes.com, 07/22/2008, 547 words)
- Paulson says financial stability is top priority (Washington Post, 07/22/2008, 425 words)
- Borrowers and Bankers (nytimes.com, 07/20/2008, 1218 words)
- Too Big to Fail? (nytimes.com, 07/20/2008, 929 words)
- ABC News: CEO Salaries Weather Mortgage Crisis (ABCNews, 07/21/2008, 329 words)
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blaster@cs.columbia.edu
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