John Jansen submits: The London Times is reporting in its Sunday edition that the US Treasury is planning a $15 billion capital infusion for FNMA and Freddie Mac. There is nothing definititve in the article about the timing,though there is speculation that it would occur before the markets open Monday. According to the article the Treasury would receive a new class of shares and the transaction would be hugely dilutive to sharehoders. The article also states that the GSEs would receive access to the discount window. Complete Story » ...
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