[sloop]

dodged a bullet for today

http://online.wsj.com/article/SB121603898437750725.html?mod=hps_us_whats_news

Freddie Auction Is Successful
After Treasury, Fed Pledge Aid

Freddie Mac’s auction of $3 billion of short-term debt Monday sold at better than expected prices as the offering was well received by investors. The fact that the auction was successful comes as a big sign of relief for investors in Freddie, sister Fannie Mae, as well as the market as a whole, as the likelihood is lowered that the ailing mortgage giants will fail.

[JasonC]

It is better than the auction failing, certainly. But Washington Mutual and National City are on fumes today. Those have $440 billion in liabilities between them. So do Ford and GM, whose bonds are trading as junk.

This isn't remotely fixed.