News broke today on the bailout plan for Freddie Mac and Fannie Mae (http://www.nytimes.com/2008/07/14/washington/14fannieweb.html?hp) We saw a strong bounce in both stocks on Friday after Paulson stated that the federal government wasn’t interested in an outright takeover but would support both entities in their current form. The above article gives more detail on how the Bush administration intends to handle … Read More