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Santa Comes A Day Early for Fannie Mae, Freddie Mac
6 hours ago ago from The Volokh Conspiracy
The Washington Post reports: The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress. The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which ...
Related contentGeithner Sees No 'Second Wave' Financial Crisis | My Bank Tracker …
12 hours ago ago from EFNET & GAME ONLINE
In wake of the worst economic crisis since the Great Depression, Treasury secretary Timothy Geithner has stated that the Obama administration will prevent. Read more here: Geithner Sees No 'Second Wave' Financial Crisis | My Bank Tracker
Related contentmore on the man of the year
14 hours ago ago from The Center of the Universe
[ Skip to the end ] More on the Bernanke testimony: Shortly after the failure of Lehman Brothers, I was in Brazil at an international meeting, and I had a meeting there with bankers, and I asked them how the Brazilian economy was doing. And they said well, it had been doing fine, but within a week after Lehman Brothers collapsed, it was like a frigid wind descended on the economy in Brazil. And there was an enormous impact almost ...
Related contentGeithner: Tight Lending Threatens US Recovery
19 hours ago ago from Real Estate In Today's Market
U.S. Treasury Secretary Timothy Geithner expressed confidence on Tuesday that the U.S. economy was on a solid recovery path, but said tight lending practices by banks still pose a risk. Right now, the real risk we face is that banks are not lending enough and not going to provide the capital businesses need to grow for the economy to strengthen going forward, Geithner said in an interview on National Public Radio. Name (required) ...
Related contentObama Administration Announces U.S. Manufacturing Plan
2 hours ago ago from Jeff Schuster
The Obama administration will announce a push today for a $5-billion boost to a tax credit for green manufacturing, along with a seven-point plan to slow job losses at U.S. manufacturers. The plans come as Vice President Joe Biden hosts business leaders this afternoon to talk over ways to boost jobs in a sector that employs fewer Americans now than it did in World War II. The administration’s plans tout U.S. manufacturing as a ...
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U.S. promises unlimited financial assistance to Fannie Mae, Freddie Mac
5 hours ago ago from Washington Post - Politics
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac , an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress. The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which were seized last year, as arms of ...
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