Hank Paulson, Treasury secretary, said: ??Our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission,? signalling that the Bush administration was not contemplating a rescue takeover of the two groups and wanted public shareholders to continue owning them.
IndyMac Bank on Friday night became the biggest savings bank to fail in decades and the latest victim of the credit crisis as regulators closed down the troubled mortgage lender.