In recent weeks, Treasury officials have been reaching out to overseas buyers -- including foreign central banks -- of so-called agency securities, or debt sold by the two companies, to reassure them of the creditworthiness of these borrowings.
In one such conversation, at the end of August, the Treasury sought to reassure the Bank of Mexico, according to a person familiar with the matter, of the soundness of agency securities held by the bank. The discussion with the Treasury took place as Mexico's central bank, an investor in agency debt, met with Freddie officials to address concerns it had about these investments.
Sorry I can't give you a link.... this isn't the WSJ story.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, September 5, 2008
US Treasury Works Behind Scenes To Help Freddie, Fannie
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