Treasury Acts to Save Mortgage Giants - NYTimes.com
Those bail-out Republicans, at it again.
WASHINGTON — Alarmed by the sharply eroding confidence in the nation’s two largest mortgage finance companies, the Bush administration on Sunday asked Congress to approve a sweeping rescue package that would give officials the power to inject billions of federal dollars into the beleaguered companies through investments and loans.
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Tags: bail out, Fannie Mae, Freddie Mac, politics
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