GSE's Rumored to Be Eligible for Discount Window

According to CNBC, the Fed is opening the discount window to Fannie and Freddie to help alleviate concerns about liquidity.  While this doesn't address questions about Fannie and Freddie's solvency, which is at the heart of the market panic, it does put an end to speculation that Fannie and Freddie won't be able to meet their financing needs.  The market is snapping back from the lows on this news, as it is indeed bullish, at least in the short term.  

Update:  My apologies for initially reporting this as news even though it was on CNBC.  Apparently, this is just a rumor, which explains why the market has turned around and gone back down.  In light of this error, I'm going to call it a day before I get accused by the SEC of spreading unfounded positive rumors that cause the market to rally!