Miscellaneous

Blawgosphere Covers Fannie Mae and Freddie Mac

By Bill Gratsch

As might be expected, lawyers and commentators involved in Banking and Security Law are writing about yesterday's announcement from the Fed:

The Board of Governors of the Federal Reserve System announced Sunday that it has granted the Federal Reserve Bank of New York the authority to lend to Fannie Mae and Freddie Mac should such lending prove necessary.  Any lending would be at the primary credit rate and collateralized by U.S. government and federal agency securities.  This authorization is intended to supplement the Treasury's existing lending authority and to help ensure the ability of Fannie Mae and Freddie Mac to promote the availability of home mortgage credit during a period of stress in financial markets.

Read what the blawgosphere has to say below:

Fannie, Freddie, & the Fed - A Sunday Announcement -Banking Law Prof Blog

Freddie, Fannie, and Moral Hazard - Blawgletter

More on Possible Federal Government Measures to Prop Up Fannie and Freddie - CL&P Blog

Fannie Mae and Freddie Mac debacle - Point of Law

Full post as published by Blawgs Blog by Bill Gratsch on July 14, 2008 (boomark / email).