MONEY SHOT: FANNIE AND FREDDIE: UPDATE
The government steps up.. steps in..
Both candidates support the move ..
The Bush Administration move is a $200 billion dollar bet that it could reverse the housing and credit crisis..
"Effectively, the federal government has now become the nation's mortgage lender"
President Bush said, "Americans should be confident that the actions taken today will strengthen our ability to weather the housing correction and are critical to returning the economy to stronger sustained growth"
Obama: "I will be reviewing the details of the Treasury plan and monitoring its impact to determine whether it achieves the key benchmarks I believe are necessary to address this crisis."
McCain: "The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help"
Labels: Breaking news, Economy, Money, mortgage
posted by schmuckraker @ 9/07/2008 10:15:00 PM
News
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home