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FRE Fresenius SE & Co KGaA

29.80
-0.39 (-1.29%)
19 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Fresenius SE & Co KGaA TG:FRE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.39 -1.29% 29.80 29.68 29.92 30.33 29.73 30.12 27,328 22:50:02

Summers: Fannie,Freddie Shouldn't Be Recreated In Old Mold

24/04/2009 9:36pm

Dow Jones News


Fresenius SE & Co KGaA (TG:FRE)
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Lawrence Summers, President Barack Obama's top economic adviser, Friday expressed doubt that government-controlled mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE) would be recreated in their old mold.

Summers, a critic of the companies when he served as Treasury secretary under President Clinton, said he expected a different model for U.S. mortgage finance would be created, marked by a "sharper cleavage" between the public and private roles.

"I think it is very unlikely that the answer lies in going back to the past," he said at a panel discussion in Washington.

-By Jessica Holzer, Dow Jones Newswires, 202-862-9228; jessica.holzer@dowjones.com

 
 

1 Year Fresenius SE & Co KGaA Chart

1 Year Fresenius SE & Co KGaA Chart

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1 Month Fresenius SE & Co KGaA Chart

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