Paulson's Fannie / Freddie Dance

Henry Paulson is out with an over-parsable statement on Freddie/Fannie worries this morning:

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.

The key words, of course, come early: "today" and "current form".

 

Comments

[ponchovilla]

Oh, if they could only leverage "hot air", Paulson would be worth a trillion.

[theinvestingspeculator]

Hey, he is only worth $600 million-what a loser. Really, now paulson is a government man. He has to say things like "We believe in a strong dollar policy". You can't believe anyone in the government.

[iThinkBig]

Paulson said 'no housing bailouts in March'. The strategy is set and I believe this is lip service. If it isn't, I'll add one more set of numbers to my black swan probability event for 2011.

[bbzz24]

You assume that hunky Hank wont 'contain' anymore and will get into the mortgage mess?

[ponchovilla]

Enter your comment hereto the investing speculation. I should have added:
"I'm Henry Paulson from the US Government and I'm here to help you."