Sunday, August 10, 2008

Paulson: No Plans for Federal Funds for Fannie or Freddie

Treasury Secretary Henry Paulson said in an interview broadcast Sunday on NBC’s “Meet the Press” that there are no plans to insert any federal funds into Freddie Mac or Fannie Mae.

It's pretty obvious to me that Paulson has no interest in bailing our Freddie and Fannie stockholders. He'll protect debt holders, but as far as stockholders it's drop dead, as far as Paulson is concerned.

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