Paulson & Bernanke Come to the Rescue of Fannie Mae and Freddie Mac

14/07/2008 (CEP News) - The U.S. government flew to the rescue of GSEs Fannie Mae and Freddie Mac over the weakened, with Treasury Secretary Henry Paulson announcing that government would increase the failing bond insurers' line of credit, have the temporary ability to purchase equity, and that the Fed would be available to make emergency loans.

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