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July 11, 2008
Henry Paulson's Fannie/Freddie Dance
Henry Paulson is out with an over-parsable statement on Freddie/Fannie worries this morning:
Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission.
We appreciate Congress' important efforts to complete legislation that will help promote confidence in these companies. We are maintaining a dialogue with regulators and with the companies. OFHEO will continue to work with the companies as they take the steps necessary to allow them to continue to perform their important public mission.
The key words, of course, come early: "today" and "current form".
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