Jul 11
Releasing a statement on Friday, U.S. Treasury Secretary Henry Paulson
said that the focus was to back Fannie Mae and Freddie Mac “in their
current form”.
Paulson added that the Treasury Department was continuing its dialogue
with regulators and firms.
Stocks are under pressure as stocks from Fannie Mae and Freddie Mac
collapsed over the last two days and speculation of a government bailout
increases.