UPDATE 2-Fannie Mae, Freddie Mac shares tumble as Treasury overhaul plan disappoints
Shares of Fannie Mae and Freddie Mac
slumped on Friday amid disappointment over a long-awaited U.S.
Treasury Department plan to begin recapitalizing the mortgage
giants and return them to private control after their bailout
during the 2008 financial crisis.
slumped on Friday amid disappointment over a long-awaited U.S.
Treasury Department plan to begin recapitalizing the mortgage
giants and return them to private control after their bailout
during the 2008 financial crisis.
Posted by Reuters
