The government's next move will be to determine the next step for Fannie and Freddie. They could be converted into government agencies; continue as publicly held companies with restrictions to try and prevent another disaster; or be split along business lines, with the pieces sold off as new, private companies with no government backing.
Federal Reserve Chairman Ben Bernanke last month said some form of federal backing of the two companies would probably be necessary.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,340.15 | 1,099.09 | 2,184.85 | 34.95 |
Oil *
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DOWN
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DOWN
10.09
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DOWN
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