PART OF THE story of the recovery of the US economy from the shock of September 11 involves agencies and supranationals. Not least, they were the first to the bond market after the attacks – Freddie Mac being first with a two-year auction on September 15.
Louise Herrle, Freddie Mac treasurer, says: “We felt it was important to go ahead, to demonstrate we were working with the dealers to keep the market open. It was an internet auction, so there were also all the issues of whose technology was still up.
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