But they're well-capitalised

Oh look, the Fed granted authority to for the NY Fed to lend to Fannie Mae and Freddie Mac "should such lending prove necessary." Also, the Treasury Secretary is asking Congress for "authority to buy unlimited stakes in and lend to the companies." Apparently "Freddie Mac is scheduled to sell $3 billion in short-term notes tomorrow, and Paulson's comments indicate a concern about a collapse in private investors' willingness to fund the firms."

hello

Hello!