(NY Times-Deal Book Blog) Why did Treasury Secretary Henry M. Paulson pull the trigger on a government takeover of Fannie Mae and Freddie Mac when he did?
That is the question Andrew Ross Sorkin tackles in his latest DealBook column. Mr. Paulson’s decision to bring the two mortgage giants into conservatorship, Mr. Sorkin argues, seems to be a philosophical one, rather than one made under the threat of imminent economic calamity.
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