ffxts wrote an interesting post today on
Here’s a quick excerpt
U.S. to take control of Fannie and Freddie:
By Glenn Somerville and Al Yoon
 
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation’s history.
 

I’m not sure how this will effect the USD on Sunday, but usd/jpy weakness was a sign that risk aversion was rising and that something was up……..this could be dollar positive, especially if the credit markets see this as the big event that signals a bottom and at least the beginning of the end to the crisis.

Read the rest of this great post here