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The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis.
- Fannie Mae, Freddie Mac shares plunge (bradenton.com)
- Fannie Mae, Freddie Mac shares plummet (rss.topix.net)
The historic seizure Sunday of mortgage finance titans Fannie Mae and Freddie Mac is expected to bolster the nation's sinking housing sector by lowering mortgage rates and jump-starting the obscure background market that is vital to home lending.
From thenewstribune.com
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- NAHB Responds to Government Action on Fannie Mae, Freddie Mac (ad-hoc-news.de)
- Fannie Mae/Freddie Mac identity crisis imperils taxpayers (rss.topix.net)
The U.S. government seized control of the mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) on Sunday, placing the liabilities of more than $5 trillion of mortgages onto the backs of the U.S. taxpayer.
From news.search.yahoo.com via
Yahoo News.
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- Keeping Fannie Mae And Freddie Mac Private (247wallst.com)
- Evidence Of A Fannie Mae And Freddie Mac Resurrection (247wallst.com)
- Saving Fannie Mae And Freddie Mac Shareholderss (247wallst.com)
New York Stock Exchange Halts Pre-Market Trading in Fannie Mae (FNM) and Freddie Mac (FRE) for Monday, Sept. 8, 2008 News Dissemination -- Trading Expected to Open at 9:30am (EST)NEW YORKNY-NYSE-EURONEXT
From ad-hoc-news.de
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- Trading Fannie Mae And Freddie Mac As Penny Stocks (news.google.com)
- Fannie Mae , Freddie Mac Mortgage Profit Rises While Debt Costs Rise (streetinsider.com)
Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDR) and senior debt ratings of Fannie Mae (FNM) and Freddie Mac (FRE) at ...
From finanznachrichten.de
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- Fitch Affirms Reliant Energy's IDR; Outlook to Stable (ad-hoc-news.de)
- Fitch Affirms Assurant's IDR at 'BBB+'; Outlook Stable (ad-hoc-news.de)
London's leading stocks rallied by nearly 190 points this morning following
the US Government’s bailout of Freddie Mac and Fannie Mae, the country's two
stricken mortgage lenders, last night.
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From timesonline.co.uk
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US Treasury Secretary Henry Paulson (photo) said the government had taken temporary control of the ailing mortgage giants Fannie Mae and Freddie Mac in a bid to help the economy recover from massive losses in the housing market.
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From france24.com
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Treasury Secretary Henry Paulson moved Sunday to take control of Fannie Mae and Freddie Mac, which operated like private companies but had enjoyed implicit government backing until their seizure.
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The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet the move will help reverse a prolonged housing and credit crisis.
More perspectives...
From rss.topix.net via
Topix.
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Çѹ·Õè 8 ¡Ñ¹ÂÒ¹ 2551 09:26 ¹. Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDR) and senior debt ratings of Fannie Mae (FNM) and Freddie Mac (FRE) at 'AAA' and 'F1+', respectively . The 'AAA' IDRs reflect the government support rating of '1...
From news.search.yahoo.com via
Yahoo News.
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- Fitch Affirms Del Monte's IDR at 'BB'; Outlook Stable (ad-hoc-news.de)
- Fitch Affirms Colver Power Project at 'BBB-' (ad-hoc-news.de)
The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.
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From abcactionnews.com
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The financial world is still reacting to the news that the Federal Government is taking over Freddie Mac and Fannie Mae. But what does the take over mean for Northlanders... Trevor Roy spoke with a financial analyst and has more.
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From northlandsnewscenter.com
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WASHINGTON, Sept. 7 (UPI) -- U.S. Treasury Secretary Henry Paulson said Sunday the federal government will take over teetering giant mortgage firms Fannie Mae and Freddie Mac.
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From upi.com
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NEW YORK, Sept 7 (Reuters) - Standard & Poor's on Sunday cut the ratings on Fannie Mae and Freddie Mac preferred stock to junk status after dividends ...
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From finanznachrichten.de
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Sept. 8 (Bloomberg) -- Fannie Mae and Freddie Mac , the mortgage guarantors seized by the U.S. government, should be broken up into smaller companies because they've become ``too big to fail,'' said Steve Forbes , chief executive of Forbes Inc. A ...
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