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Treasury Takes Steps to Bolster Fannie Mae, Freddie Mac - Read More

Date Added: July 14, 2008 07:04:07 PM

The Treasury Department took major new steps today to bolster troubled housing finance companies Fannie Mae and Freddie Mac, making plans to increase the amount they can borrow from the government and enabling the government to directly invest in the firms if conditions worsen.

Category: Business & Economy » Finance and Investment » Mortgages

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