A lot is going with Fannie Mae/Freddie Mac this year. I think the year has been FNM/FRE year.
Treasury secretary's plan for Fannie Mae/Freddie Mac couldn't subside the fear in the market. LEH is following the Bear's path and few other firms showing signs of same trouble. The following article in WSJ provide good insight on soundness of Treasury Secretary's plan.
How Paulson Would Save Fannie Mae
Hope some rescue plan can be derived today for LEH. Waiting to see what happens before asian markets open.
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