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Rate Hikes:
Alan Greenspan announced that the fed will
continue to increase interest rates in order
to keep the economy on track. Greenspan
believes that US interest rates are “still
fairly low” after six straight increases.
The US continues to struggle with the weak
economy, and the fed’s pledge to remain
“vigilant against complacency”
seems to indicate a lengthy road of rate
hikes ahead. |
Fannie Mae and Freddie Mac
Allan Greenspan suggested limits on the
portfolios held by Fannie Mae and Freddie
Mac. This comes at a time when many are
already concerned with the liberties these
two companies have been afforded, Fannie
Mae facing a $9 billion restatement of earnings |
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