Dollars and Jens
Friday, September 05, 2008
Fannie and Freddie
WSJ reports that the treasury department is nearing a plan to inject capital into Fannie Mae and Freddie Mac, probably impairing the equity. (Fannie Mae is down over 20% in after hours trading.) has picked up the report, and recapitulates a bit of the context.

Update: Washington Post:
The value of the company's common stock would be diluted but not wiped out while the holdings of other securities, including company debt and preferred shares, would be protected by the government.

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