国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> America
US spells out Fannie-Freddie backstop plan
(Agencies)
Updated: 2008-07-14 09:18

A senior Treasury official said any increase in the line of credit - now at $2.25 billion for each company - would be at the Treasury secretary's discretion. The same would apply to any equity investment made by the government.

Related readings:
 Fannie Mae posts $2.19b Q1 net loss
 Fannie Mae may pay out higher dividends

The official, who spoke on condition of anonymity, also sought to send a calming message about Fannie's and Freddie's financial shape, saying: "There's been no deterioration of the situation since Friday."

The Fed's offer of funds is viewed as a temporary backstop until Treasury can get its plan in place. The collateral they would have to pledge - Treasury securities and federal agency securities - is more narrow than the collateral commercial banks and Wall Street firms must pledge for emergency lending privileges.

If one or both of the companies were to fail, it would wreak havoc on the already fragile financial system and the crippled housing market. The problems would spill over in the national economy, too.

Paulson on Friday said the government's focus was to support the pair "in their current form" without a takeover.

Hoping to bolster confidence, Senate Banking Committee Chairman Chris Dodd, D-Conn., told CNN on Sunday that Fannie and Freddie are financially sound.

"What's important here are facts," Dodd said. "And the facts are that Fannie and Freddie are in sound situation. They have more than adequate capital - in fact, more than the law requires. They have access to capital markets. They're in good shape. The chairman of the Federal Reserve has said as much. The secretary of the Treasury has said as much."

Last week Fed Chairman Ben Bernanke and Paulson, appearing before the House Financial Services Committee, made a point of saying that the regulator of Fannie and Freddie, the Office of Federal Housing Enterprise Oversight, has found both companies adequately capitalized.

   Previous page 1 2 3 Next Page  
赤壁市| 凌云县| 南皮县| 大连市| 张家港市| 京山县| 洛阳市| 长汀县| 长泰县| 建阳市| 九台市| 晋州市| 佛坪县| 灵川县| 长海县| 阿瓦提县| 日喀则市| 宜良县| 宁津县| 大庆市| 麟游县| 安乡县| 商都县| 理塘县| 通化市| 贵州省| 葫芦岛市| 石景山区| 茂名市| 吉林省| 南宁市| 高清| 平南县| 肇州县| 金沙县| 太谷县| 陆川县| 晋州市| 武陟县| 麻栗坡县| 镇江市|