Markets Calm After Fed Plan for Fannie and Freddie

The most closely watched trading on Wall Street today will be the stock and debt of Fannie Mae and Freddie Mac to gauge whether the Bush administration's weekend rescue plan for the mortgage giants was sufficient to bolster investor confidence in them. In an extraordinary one-two punch, the Treasury Department and Federal Reserve took steps Sunday to make as much as $300 billion available to Fannie and Freddie, as the huge mortgage companies are commonly known. The moves were meant to...Full Story
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