+Economy & Policy | 1309 days ago

The Fannie-Freddie government guarantee ceases to be implicit

By wpcomimportuser1

The Federal Reserve announced Sunday that Fannie Mae and Freddie Mac can borrow money from it if they need to. Then the Treasury Department said it’s going to ask Congress for permission both to increase its credit line to the two giant mortgage lenders and to buy stock in them if necessary to shore up [...]