Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
5 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
6 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
9 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
11 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
12 hours ago