Marisa McQuilken examines the legal players involved in the high-stakes bid to rescue mortgage giants Freddie Mac and Fannie Mae
Lawyers at Freddie Mac and Fannie Mae got word of the plan on 11 July, a Friday, after they and company executives had spent a week watching their stocks tank. To restore public confidence in the mortgage giants, the US Treasury Department was stepping in with a sweeping plan that would allow them access to billions of dollars in public money.
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