According to AP, Frank spoke with Paulson late Friday,but said he did not "know the details of the proposed interventions," and a Treasury spokeswoman declined to comment.
Saturday, September 6, 2008
Barney Frank Confirms Fannie/Freddie Interventions
Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, said in a statement that Treasury Secretary Henry Paulson "intends to use the powers that Congress provided it" in a law passed in July to enable Fannie Mae and Freddie Mac to keep functioning.
According to AP, Frank spoke with Paulson late Friday,but said he did not "know the details of the proposed interventions," and a Treasury spokeswoman declined to comment.
According to AP, Frank spoke with Paulson late Friday,but said he did not "know the details of the proposed interventions," and a Treasury spokeswoman declined to comment.
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