US Treasury Rescue Fannie Mae and Freddie Mac
Published July 14th, 2008
The US Treasury is working on plans to inject up to $15 billion (£7.5 billion) of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
The two companies lost almost half their market value last week as rumours of a government bail-out swept the stock markets, hammering share prices around the world.
Related Articles
