Treasury Near Finalizing Fannie, Freddie Backstop: Report
SAN FRANCISCO -- The U.S. Treasury is near finalizing a plan to backstop Fannie Mae and Freddie Mac and may make an announcement as soon as this weekend, The Wall Street Journal reported late Friday on its Web site. The Treasury plan includes senior management changes at the two government-sponsored enterprises, according to the Journal.
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(What I want to know is... what exactly does this mean, and what exactly is this Treasury plan? And most importantly, does it really even matter?)