Wall Street may cheer Fannie, Freddie bailout (AP)

Posted by admin on September 10, 2008 under News | Read the First Comment

Wall Street may cheer Fannie, Freddie bailout (AP)

Treasury Secretary Henry Paulson, Jr., left, and Federal Housing Finance Agency Director James Lockhart, right, exchanges places during their news conference in Washington, Sunday, Sept. 7, 2008 on the bailout of mortgage giants Fannie Mae and Freddie Mac. (AP Photo/Susan Walsh)AP – Wall Street finally got what it’s been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide.


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