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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (115668)	9/7/2008 7:48:21 PM
From: Skeeter Bug	Respond to of 132070

govt takes over freddie's fannie... signonsandiego.com The huge potential liabilities facing each company, as a result of soaring mortgage defaults, could cost taxpayers tens of billions of dollars, but Paulson stressed that the financial impacts if the two companies had been allowed to fail would be far more serious. “A failure would affect the ability of Americans to get home loans, auto loans and other consumer credit and business finance,” Paulson said.