Monday, September 8, 2008

Freddie, Fannie plan has taxpayer protections

"Make no mistake. It's hardly delightful for taxpayers that the Treasury had to step in to rescue Fannie Mae and Freddie Mac - the engines of the mortgage market.

But one expert gave Treasury Secretary Henry Paulson and his colleagues high marks for devising a plan that gives first priority to taxpayers and minimizes their potential cost."

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Freddie, Fannie plan has taxpayer protections

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