Government Sponsored Enterprise Credit Facility (GSECF) created to bailout GSEs & FHLB

September 7, 2008 by · Leave a Comment
Filed under: Economic News 

The U.S. Treasury announced via a press conference hosted by Henry Paulson on Sunday afternoon. They laid out a four point plan to rescue the beleaguered GSEs’ Fannie, Freddie and FHLB institutions. Here is a link to the Bloomberg coverage and a link to the video on the press conference.

Near the end they discussed the new credit facility (Government Sponsored Enterprise Credit Facility (GSECF))that was created to give liquidity to these entities. Here is the link to the PDF on the new credit facilities and their intended operations.

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