WSJ : Fannie and Freddie, Unlimited access to bailout funds through 2012Submitted by krolik on Sun, 12/27/2009 - 12:49
The Treasury announced Thursday it was removing the caps that limited the amount of available capital to the companies to $200 billion each.
"The timing of this executive order giving Fannie and Freddie a blank check is no coincidence," said Rep. Spencer Bachus of Alabama, the ranking Republican on the House Financial Services Committee. He said the Christmas Eve announcement was designed "to prevent the general public from taking note."
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