Mr. Paulson says No to helping Fannie and Freddie

The U.S. Tresury Secretary, Henry Paulson, stated on Sunday's Meet the Press that he has no plans to bail out mortgage companies Fannie Mae and Freddie Mac, as they both struggle with their earnings.

A plan was established last month by Congress and the Tresury Department to help support Fannie Mae and Freddie Mac. The plan would allow the Treasury to buy the companies shares. Many analyst have thought that Mr. Paulson would have to act, as the housing crisis worsens. But it seems that Mr. Paulson thinks otherwise.