Q Dana, after yesterday's Fannie and Freddie announcement, mortgage rates seem to be headed down. Is this a welcome development from the White House's point of view? Or are you worried that the market may be returning to its freewheeling ways?
MS. PERINO: Well, what we wanted is market stability and we wanted availability of mortgages and affordable mortgages to be available to people. Yesterday's action -- or, I'm sorry, this weekend's action that Secretary Paulson took was action, as I said yesterday, it was action that we needed to take, not that we wanted to take. What we want is to make sure that we can establish those three goals of having the market stabilized, having mortgages be available and make sure that we protect taxpayers in the process.
seen at 09:00, 9 September
in
Whitehouse Press Briefings.
Email this to a friend.
Next item;
Original source;
Previous item;
