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Friday, September 05, 2008

WSJ: Treasury Close to Final Fannie & Freddie Plan

by Calculated Risk on 9/05/2008 04:55:00 PM

From the WSJ: Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie

Precise details of Treasury's plan couldn't be learned. The plan is expected to involve a creative use of Treasury's new authority to make a capital injection into the beleaguered giants.
...
An announcement could come as early as this weekend.
Another Sunday announcement (like for Bear Stearns)?