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Outgoing Treasury Secretary Paulson has suggested that Congress should replace Fannie Mae and Freddie Mac with one or two private-sector entities. Those entities would purchase and securitize mortgages with a credit guarantee backed by the federal government, and would not have investment portfolios...
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The best option for Fannie Mae and Freddie Mac may be to convert them into public, utility-like organizations that would not hold any investment portfolio, U.S. Treasury Secretary Henry Paulson said on Wednesday. Speaking at the Economic Club of Washington, Paulson said returning Fannie Mae and Freddie...
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In the aftermath of unprecedented actions from the U.S. Treasury and the Fed earlier on Friday, U.S. Treasury Secretary Henry Paulson said Fannie Mae and Freddie Mac will resume buying mortgage debt under the surveillance of the Treasury Department, and an expansion of the Mortgage- Backed Security purchase...
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U.S. Treasury Secretary Henry Paulson said he is pleased Freddie Mac and Fannie Mae are committed to raising more capital this spring, calling reform of the government-sponsored enterprises the best way to combat foreclosures. Paulson said foreclosures will hit 2.5 million in 2008, compared with 1.5...