Preventing Fannie Mae, Freddie Mac Collapse; Credit Crunch & Equity Markets; Insight, Outlook For Philips 2q Earnings; Outlook For European Earnings; Global Economic Slowdown & Earnings
Paulson says: Authority to buy unlimited stakes; Increase credit lines; Borrow directly from Fed; Paulson puts treasury behind Fannie Mae and Freddie Mac, in bid to calm market; Philips ‘confident’…
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