« Back to story "Government takes over embattled Fannie, Freddie"

Story Comments

Posted by: STONERS 1 year, 2 months ago

This page is a permanent archive of the comment below and its replies.
To view this comment in the context of the full discussion for the story, use this link.

All Comments Share Story Report

88%
STONERS1 year, 2 months ago

This comment is below the standard viewing threshold View It »

"Our economy and our markets will not recover until the bulk of this housing correction is behind us," Treasury Secretary Henry Paulson said at a news conference. "Fannie Mae and Freddie Mac are critical to turning the corner on housing."

"The decision to take control of the companies, which have $1.6 trillion in debt outstanding, and place them into a conservatorship under their regulator could amount to the largest financial bailout in U.S. history. The Treasury Department, which is taking an equity stake in the two firms, said there was no reason to expect that taxpayers would have to shoulder losses."

(comment_max_expanded_depth : 55) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 55)
Reply
2 Replies

loading ...
- altruisms-enemyComment removed: Hard Banned
- Neutral
  Tangent0011 year, 2 months ago
  
  This comment is below the standard viewing threshold View It »
  
  "...no reason to expect that taxpayers would have to shoulder losses."
  
  Why does that sound like famous last words?
  
  (comment_max_expanded_depth : 55) (comment depth : 3) (recursion depth : 2) (max_comment_reply_depth : 40) (comment_max_render_depth : 55)
  Reply
  0 Replies
  
  loading ...