Reuters Business Summary (Reuters via Yahoo! Malaysia News)

5 September 2008, 5:14 pm

Treasury near GSE bailout plan: report WASHINGTON/NEW YORK - The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac , The Wall Street Journal reported on Friday. Citing people familiar with the matter, the Journal said the plan was expected to involve a creative use of authority the Treasury won in late ...... read more

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