An educational website including the career interests of innovators with a STEM,business and political science orientation.
Tuesday, July 29, 2008
Special Access:With the Treasury Secretary
U.S. Treasury Secretary Hank Paulson says he is speaking,and he listens.One of the things they're going to hear is,keep marking to market,and if you need to,go out and raise some capital.Banks need to keep marking books to assets.We are seeking to show stability for the capital markets.If necessary,the Treasury is ready to put capital in the Government-Sponsored Enterprises Fannie Mae and Freddie Mac,which are so important to the stability of the capital markets,the former Wall Street executive said.
Labels:
capital markets,
Fannie Mae,
Freddie Mac,
Hank Paulson,
U.S. Treasury
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