fannie mae: Bernanke: " Must back Fannie Mae Debt" !
- 10/31/08 07:11 AM
Federal Reserve Chairman Ben Bernanke said on Friday it is appropriate to debate the future of mortgage finance firms Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News), but U.S. backing for Fannie Mae and Freddie Mac debt they issue in their current form must stay firm. "Even if alternative organizational structures are considered for the future, the U.S. government's strong and effective guarantee of the obligations issued under the current GSE (government-sponsored enterprise) structure must be maintained," he told a public policy symposium by videoconference. The U.S. government took over Fannie Mae and Freddie Mac in September as … (1 comments)
fannie mae: concern still looms for Fannie Mae
- 08/27/08 08:35 AM
according to wall street analysts, concern still looms for Fannie Mae & Freddie Mac unless these companies can raise capital. If the companies capital falls too much, they could be forced by their government regulator to suspend dividend payments to preferred shareholders, said Brian Harris, a senior vice president at Moody's Investors Service, which last week lowered Fannie and Freddie's preferred stock ratings to near-junk status. Fannie Mae held $47 billion in "core capital" -- the main measurement of the company's ability to withstand losses -- as of June 30, $9.4 billion above government requirements. Freddie Mac's $37.1 billion in core … (0 comments)
Federal Reserve Chairman Ben Bernanke said on Friday it is appropriate to debate the future of mortgage finance firms Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News), but U.S. backing for Fannie Mae and Freddie Mac debt they issue in their current form must stay firm.;)
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