Bloomberg writes "Money Funds Stick With Fannie, Freddie Debt on Rescue". It says, "Vanguard Group, Federated Investors Inc. and The Reserve, investment firms that manage more than $520 billion in money-market funds, said they will continue to buy Fannie Mae and Freddie Mac debt because the U.S. Treasury's rescue plan has bolstered confidence." It quotes Reserve CIO Patrick Ledford, "The auction today was oversubscribed.... On the equities side, it's a totally different story, but from a credit perspective, we're very comfortable with Freddie and Fannie exposure."

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