Fed Denies It Is Opening The Discount Window To Fannie and Freddie

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Breaking: A spokesperson for the Federal Reserve has denied that Fannie Mae and Freddie Mac have access to the discount window!
The Fed will no doubt get a lot of criticism for letting this story hang out until after the market closed, allowing the end of the day rally.

Bloomberg's got the story now. "The Federal Reserve has not had any discussions with Fannie Mae and Freddie Mac about access to direct loans from the central bank, Fed spokeswoman Michelle Smith said."