7 Sep 2008 at 6:11pm Treasury Secretary Henry Paulson is betting that providing fresh capital to the two firms will eventually lead to lower mortgage rates, spur homebuying demand and slow the plunge in home prices that has ravaged many areas of the country. The huge ...
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7 Sep 2008 at 5:56pm The Bush administration ripped up years of laissez-faire economic policies last night and launched a government takeover of two of the most powerful mortgage companies in the US. The move is designed to forestall a collapse in house prices that could ...
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7 Sep 2008 at 4:23pm The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy. Treasury Secretary Henry Paulson is ...
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7 Sep 2008 at 2:00pm Officials announce takeover of mortgage giants Obama, McCain call for changes in mortgage giants Democratic presidential nominee Barack Obama says a bailout shouldn't be a reward for ruthless investors. WASHINGTON -- The Bush administration seized ...
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7 Sep 2008 at 1:53pm The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. Officials announced that the executives and board of ...
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7 Sep 2008 at 1:46pm WASHINGTON : The Treasury Department seized control of Fannie Mae and Freddie Mac, the giant quasi-public mortgage finance companies, Sunday and announced a four-part rescue plan that included an open-ended guarantee to provide as much capital as ...
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7 Sep 2008 at 11:37am WASHINGTON (AP) _ Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles. With Congress returning this coming week from ...
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