Democratic Underground - Snow says Fannie, Freddie could pose risks to US econ

Reply #34: Snow says Fannie, Freddie could pose risks to US econ [View All]

UpInArms

(1000+ posts) Send PM | Profile | Ignore

Wed Apr-13-05 09:07 AM
Response to Original message

34. Snow says Fannie, Freddie could pose risks to US econ

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38455.4168896875-834114685&siteID=mktw&scid=0&doctype=806&

WASHINGTON (MarketWatch) - Mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) could pose a risk to the strength of the U.S. economy if the companies' businesses are not properly managed, Treasury Secretary John Snow told a congressional panel Wednesday. Snow said in prepared testimony that the Bush administration is recommending limits for the mortgage portfolios retained by both companies. Shares of Fannie Mae were recently trading up 8 cents to $56.85, while Freddie Mac rose 14 cents to $64.14.

Did SnowJob just yell "FIRE" in a crowded theater?

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Reply #34: Snow says Fannie, Freddie could pose risks to US econ [View All]