Paulson Says No Plan Is Afoot to Rescue Mortgage Agencies

New York Times (08/11/08) P. C3
The huge losses posted last week by Fannie Mae and Freddie Mac have not convinced Treasury Secretary Henry Paulson Jr. of a need to buy their shares in order to give the companies a boost. "We have no plans to insert money into either of those two institutions," he said during an Aug. 10th interview on NBC's Meet the Press. Paulson also said the slumping housing market is the biggest threat to the U.S. economy, but he played down the need for another economic stimulus package.