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US: Fed and Treasury take action on GSEs
Mon, Jul 14 2008, 12:09 GMT
by Peter Possing Andersen, John Hydeskov
Danske Bank A/S
Overview: Late last night both the Federal Reserve and the Treasury issued statements granting more explicit support for Fannie Mae and Freddie Mac. The initiatives involve extended liquidity provision by the Fed and the Treasury, as well as a temporary authority for the Treasury to inject capital into either of the two Government Sponsored Enterprises (GSEs) if needed.
Published on
Mon, Jul 14 2008, 12:12 GMT
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