At a press conference held today, Treasury Secretary Henry Paulson outlined the details of the bailout of Freddie Mac and Fannie Mae. Among the highlights. The Treasury will not bailout common or preferred shareholders. The Treasury expects that this will result in some small banks failing who hold large preferred positions. The Treasury will ensure that Freddie and Fannie maintain positive net worth by buying Preferred stock in them when necessary...
Read More...
[Source: Latest Articles - Posted by FreeAutoBlogger]
No comments:
Post a Comment