NEW YORK (MarketWatch) -- Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors, the Wall Street Journal reported Friday, citing unnamed people familiar with the matter. The move, which comes as emergency regulatory actions have triggered a two-day rebound in its stock, would have the potential to avoid a full-blown government rescue for Freddie FRE, -0.64% and Fannie Mae FNM, +0.85% . Richard Syron, Freddie's chief executive, told the Journal: "We're considering the full array of options before us ... We're not at the stage of talking about the exact when."