July 11, 2008
HP-1078

Statement by Secretary Henry M. Paulson, Jr. on Fannie Mae and Freddie Mac

Washington, DC--Secretary Henry M. Paulson, Jr. made the following comment today on news stories about "contingency planning" at Treasury:

"Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission.

"We appreciate Congress' important efforts to complete legislation that will help promote confidence in these companies. We are maintaining a dialogue with regulators and with the companies. OFHEO will continue to work with the companies as they take the steps necessary to allow them to continue to perform their important public mission."