‘The Treasury announced
Thursday it was removing the caps that limited the amount of available
capital to the companies to $200 billion each. Unlimited access to
bailout funds through 2012 was “necessary for preserving the continued
strength and stability of the mortgage market,” the Treasury said.
Fannie and Freddie purchase or guarantee most U.S. home mortgages and
have run up huge losses stemming from the worst wave of defaults since
the 1930s.’
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