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Banking & Financial Institutions

Frank: No ‘winks and nods’ about Fannie, Freddie guarantees

by Silla Brush - 03/09/10 4:09 AM ET
by Silla Brush - 03/09/10 4:09 AM ET

“I support the intention of the Treasury to stand fully behind the terms of its December 24 statement with regard to Fannie and Freddie debt,” Frank said in a statement later on Friday. “It is also the case in going forward, as we restructure housing finance, we will make sure that there are no implicit guarantees, hints, suggestions, or winks and nods. We will be explicit about what is and is not an obligation of the federal government.”

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