Citing people familiar with the matter, the newspaper said a possible intervention by the Bush administration to help the government-sponsored mortgage enterprises could happen as early as Monday morning.
That is around the time Freddie Mac is due to sell $3 billion worth of short-term debt, a barometer of market appetite for its securities.
Someone called this a tempest in a Teapot.. I sort of agree. It's hard to have a "Run on fanny and freddy". And people have risk appetite for higher yield bonds, since the stock market wants to crater, and T-bill yields suck so bad. I guess we could see, a "no confidence" vote on the Debt.
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