"I strongly endorse both the decision by FHFA Director Lockhart to place Fannie Mae and Freddie Mac into conservatorship and the actions taken by Treasury Secretary Paulson to ensure the financial soundness of those two companies."
Ben S. Bernanke, Federal Reserve Board Chairman, hours before the government officially seized control the government-sponsored enterprises, which have lost a combined $10.6 billion since the beginning of 2007.(c) 2008 U.S. Banker and SourceMedia, Inc. All Rights Reserved.http://www.americanbanker.com/usb.html/ http://www.sourcemedia.com/
