Saturday, July 12, 2008

Paulson cool to shield Fannie/Freddie investors: report (Reuters)

Treasury Secretary Henry Paulson testifies during a hearing of the House Financial Services Committee on Capitol Hill in Washington, July 10, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday.

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