Read Treasury Secretary Paulson's statement
Paulson calls for legislation to back mortgage financing companies Fannie Mae and Freddie Mac.
NEW YORK (CNNMoney.com) -- The following statement was posted online by the U.S. Department of the Treasury:
Secretary Henry M. Paulson, Jr. made the following comment today on news stories about "contingency planning" at Treasury:
"Today our primary focus is supporting Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) 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." ![]()
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