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September 6, 2008 11:52:01 AM CDT

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Stories related to: rescue package

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2 Stories

  • July 2008

    • Tab for Fannie, Freddie Bailout Pegged at $25B

      MarketWatch  |  Jul 22, 08 12:39 PM CDT

      Tab for Fannie, Freddie Bailout Pegged at $25B

      (Newser) - A federal bailout of Fannie Mae and Freddie Mac will cost $25 billion, the Congressional Budget Office said today, but there’s a better than 50% chance no rescue will be needed. The plan sought by Treasury Secretary Henry Paulson would extend an unlimited line of credit to the government-sponsored enterprises for the next 18 months, MarketWatch reports. More »

    • Washington Seeks Rescue of Freddie and Fannie

      New York Times  |  Jul 13, 08 5:48 PM CDT

      Washington Seeks Rescue of Freddie and Fannie

      (Newser) - After a frenzied week that saw Fannie Mae and Freddie Mac teeter near collapse, the US Treasury and Federal Reserve are seeking to save the nation's two largest mortgage finance companies. Officials say that the plan, if approved by Congress, will let the government buy billions of dollars in Freddie and Fannie stock and lend them money to cover short-term needs, the New York Times reports. More »

      Tags

      economy  • mortgage  • Fannie Mae  • Freddie Mac  • rescue package

2 Stories

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