Wednesday, March 19, 2008

Fannie Mae & Freddie Mac are to receive $200 billion relief

Stock prices rose to record levels for both companies on Tuesday in predicting a deal would be made on Wednesday. Stock prices rose more than they have with these companies in a quarter century. Office of Federal Housing Enterprise Oversight will announce $200 billion relief at 9am EST. This move is expected to have more weight than fed rate cuts.

read more | digg story

No comments:

6-2-2026

Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...