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Bailout Helps Banks with GSE Stock ExposureLawmakers ensured that the government’s takeover of Fannie Mae and Freddie Mac won’t wipe out dozens of smaller banks by adding key provisions to the massive financial bailout plan signed into law last week. The Emergency Economic Stabilization Act of 2008 made an important tax change to allow banks to treat losses on holdings of the government-sponsored enterprises’ preferred stock... Subscribers have free access to the archives. Click here. | |||||||||||||||||
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| © Copyright 2008, Inside Mortgage Finance Publications 7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814 Tel: (301) 951-1240; Fax: (301) 656-1709 All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.  | |||||||||||||||||
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