Fannie Mae And Freddie Mac:Fannie Mae Freddie Mac Saved By Treasury Department

Fannie Mae And Freddie Mac:Fannie Mae Freddie Mac Saved By Treasury Department – Fannie Mae and Freddie Mac will be saved by the Treasury Department.Fannie Mae and Freddie is a mortgage giant that has been sinking since the housing crisis began under the Bush administration.The government will take temporary control of Fannie Mae and Freddie Mac and place the troubled firms under the umbrella of the Federal Housing Finance Agency.Fannie Mae Chief Executive Daniel Mudd and Freddie Mac CEO Richard Syron are expected to resign after the companies lost $14 billion.
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Category: US News