Regulator: Treasury may buy bad assets from Fannie, Freddie

10/6/2008 | Reuters

The regulator in control of Fannie Mae and Freddie Mac said the path back to profitability for the government-chartered companies could begin with the sale of distressed assets to the U.S. Treasury. James Lockhart, director of the Federal Housing Finance Agency, told C-SPAN that the option is under consideration. He said he hopes the companies will be profitable again in one or two years.

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