WSJ is reporting that the Treasury is close to finalizing plan to backstop Fannie and Freddie. Remember Paulson just "needed" to show the bazooka. Now, he is using it. Congress wrote a blank check so they are all (those who voted for the bill) are responsible for this.
More of our tax dollars at work.
The markets rebounded today - especially the financials. Do you think someone had a word on this early? Just wondering.
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Technorati Tags Freddie,Fannie,Treasry,Bailouts
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