December 25, 2009

Fannie & Freddie, Uncapped

Best Time to Bury a Story? X-Mas Eve The U.S. Treasury said it would provide capital as needed to Fannie Mae and Freddie Mac over the next three years, effectively opening its checkbook to the government-controlled companies in a bid to reassure investors in their debt. Treasury announced the moves in a Christmas Eve press...
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(Very) White Christmas

It was the night before ChristmasWhen all through the houseNot a creature was stirringNot even a . . . snowplow OK, so that’s not how it goes. However, it appears that snow emergency-free Minneapolis has decided to let the (continuing) storm unfold, rather than call in workers on Christmas Day at (double? triple?) overtime to...
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