The Wall Street Journal

Paulson Says Precious Little in Testimony to Senate Banking Committee 

First of all, U.S. Treasury secretary Henry Paulson wants you to know that the plan cooked up to backstop Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] wasn’t a spur of the moment thing, as the Wall Street Journal had suggested earlier in a wide-ranging look at the Treasury’s response to the ailing GSEs.