US spells out Fannie-Freddie backstop plan - Yahoo! News

US spells out Fannie-Freddie backstop plan - Yahoo! News: "US spells out Fannie-Freddie backstop plan By JEANNINE AVERSA, AP Economics Writer
1 hour, 41 minutes ago

WASHINGTON - Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department announced steps to brace slumping mortgage giants Fannie Mae and Freddie Mac."