Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (08/19/2008)
* WASHINGTON (8/20/08)--Fannie Mae and Freddie Mac shares have been negatively affected by recent speculation that the Treasury Department would have to nationalize the government-sponsored enterprises (American Banker Aug. 19). Treasury Secretary Henry Paulson asked Congress last month to approve the department to purchase Fannie and Freddie shares and give the enterprises a higher line of credit. Though the Treasury wasn’t planning to purchase any shares, the move would reassure Wall Street, he said. Congress approved his request. Fannie’s shares fell 25% to $4.39 a share, while Freddie’s fell 22%, at $6.15 per share. The enterprises’ troubles continued Monday when a planned debt sale was not well-received ...


RSS





print
News Now LiveWire
#Consumersentiment highest in 11 years @Umich January survey http://t.co/64ORm6b0Fc
1 hour ago
#creditunions teach #college students how to handle the plastic http://t.co/SYy24PSQmn
2 hours ago
How you might change how you bank in 2015 @Bankrate http://t.co/wRhQsyTvul
2 hours ago
#NewsNow Ohio, Ga. video: Merchants not watching your wallet http://t.co/7jc7rECKSF
2 hours ago
What will a viking raid? Town or your wallet? http://t.co/JJYXXAGk7g @OhioCreditUnion @GCUAGov #StoptheDataBreaches http://t.co/7jc7rECKSF
3 hours ago