TREASURY SEC'TY PAULSON ANNOUNCES BUSH ADMIN'S "RESCUE PLAN" FOR FANNIE/FREDDIE

Here's the bailout we promised you:Alarmed about the sharply eroding confidence in the nation’s two largest mortgage finance companies, the Bush administration will ask Congress to approve a rescue package that would give the government the authority to buy billions of dollars in stock in Fannie Mae and Freddie Mac and also lend to the companies to meet their short-term funding needs, those