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:

10-25-2026

Elon Musk Admits SpaceX Purposely Restricted Ukraine’s Starlink Access in War With Russia: ‘That Loophole Was Closed’ Iran Threatens to Targ...