Fannie and Freddie Getting Their Bailout?
This is why I despire our needless, 7-day holding period on CAPS. I just wanted some quick points from a few days worth of long-side idiocy and FRE and FNM! Is that so much to ask? I gotta hold these dog dinners for a whole week, and BANG!
Now comes some kinda bailout plan, and unless it's unconsionable, it should whale on the common.
Sounds like Hankie and Bennie are hoping that a few high-level scalps will keep us natives from getting too restless. I don't like the sound of that, as it makes me suspect a bailout for equity and bagholding bondsmen like Bill Gross.
Plan Near for Fannie, Freddie
The Treasury Department is close to finalizing a plan to help shore up mortgage giants Fannie Mae and Freddie Mac. The plan includes changes to senior management at both companies. 4:47 p.m.