WSJ: Treasury is Close to Bailout Plan err Backstop for Fannie (FNM), Freddie (FRE)

Not that they need it because their business model is just fine thank you - but your tax dollars are on the way... this administration is infamous for doing their best bailout... err assistance ... plans on the weekend. I wonder if this was leaked to Goldman Sachs... err to someone, and that caused the reversal today.

• The Treasury Department is close to finalizing a plan to help shore up mortgage giants Fannie Mae and Freddie Mac, according to people familiar with the matter.
• Precise details of Treasury's plan couldn't be learned. The plan is expected to involve a creative use of Treasury's new authority to make a capital injection into the beleaguered giants. The plan includes changes to senior management at both companies, according to a person familiar with the plans.
• On Friday, a series of high-level meetings were planned between Federal Reserve Chairman Ben Ber