Take A Load Off Fannie: Treasury Rescue Coming This Weekend?

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So it looks like Fannie Day is finally approaching. The Wall Street Journal is reporting that a plan to shore up Fannie Mae and Freddie Mac could be announced as early as this weekend. No details of the plan are available, although the Journal says it is "expected to involve a creative use of Treasury's new authority to make a capital injection into the beleaguered giants."
Anyone want to take a guess about what the "creative use" might involve? Whoever gets it right will win the admiration of DealBreaker's readers and lunch with Bess Levin. (Yes, we'll pick up the tab.)
Update: Pimco's Bill Gross, who has been urging the Treasury to act, just said he couldn't comment about whether he's been asked about buying new debt or preferred stock that might be issued as part of the rescue plan. We'll take that as a yes.

Update II:
Here's what Pershing Square Capital Management's Bill Ackman suggested the Fed do to rescue Fannie and Freddie.

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