Wednesday, December 15, 2010
U.S. Treasury Secretary said the United States will ensure that Fannie Mae and Freddie Mac back to normal operation.
22 U.S. Treasury Secretary Henry Paulson said the U.S. would ensure that Fannie Mae and Freddie Mac, the two housing finance institutions to resume normal lending operations, because this is the stability of financial markets and the world economy are essential. .<P> Library Paulson gave a speech in New York that day, said that Fannie Mae and Freddie Mac and interconnected world's major financial institutions in their own or guarantee 5 trillion in mortgage loans, more than 3 .million for U.S. financial institutions owned 1.5 million for foreign investors owned. .Therefore, to ensure the normal operation of the two institutions on the financial market stability and world economy is essential. .To this end, he called on Congress to quickly pass these two mortgage finance agency assistance programs. .Meanwhile, the long term need to strengthen these two bodies. .<P> The overall trend on the U.S. economy, Paulson said the U.S. banking system and the U.S. economy's long-term fundamentals are still very healthy. .However, due to market and increase the risk faced by financial institutions, through the current economic turbulence still a long time. .</ P>.
Labels:
[:]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment