Quantcast

Bail-out Republicans act to save Fannie Mae, Freddie Mac

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.