From: A.VB (email@example.com)
Date: Wed Aug 20 2008 - 10:56:37 EDT
Fannie Mae and Freddie Mac's success in repaying $223 billion of bonds due by the end of the quarter may determine whether they can avoid a federal bailout.
Rolling over the debt ``is the single most important factor to their ability to remain liquid,'' said Moshe Orenbuch, an analyst at Credit Suisse in New York. ``So far, they've been able to do that.''
Investors in Asia, the biggest foreign owner of Fannie's $3
trillion of bonds, are reducing their share of purchases,
potentially increasing the need for Paulson to make good on his
pledge to backstop the companies.
Fragments of: Fannie,
Freddie Bailouts May Hinge on Debt Rollover, Bloomberg
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