FLASHBACK - Fannie Mae, Freddie Mac Bailout Close At Hand | WHAT REALLY HAPPENED


FLASHBACK - Fannie Mae, Freddie Mac Bailout Close At Hand

Treasury has been working with bankers at Morgan Stanley to use its newfound authority, granted by Congress in July, to devise a way to prop up the mortgage giants, which have been pummeled by investors in recent weeks.

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WHAT "newfound authority, granted by Congress in July?"

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