by Calculated Risk on 9/05/2008 04:55:00 PM
Friday, September 05, 2008
WSJ: Treasury Close to Final Fannie & Freddie Plan
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.Another Sunday announcement (like for Bear Stearns)?
...
An announcement could come as early as this weekend.