Thursday, July 10, 2008

Fannie, Freddie plunge on reports of feds planning bailout

"Shares of Fannie Mae and Freddie Mae tumbled again Thursday on a report that government officials have begun planning for a possible collapse of the mortgage finance giants.

The Wall Street Journal reported that Bush administration officials have held talks about what to do in the event the two government-sponsored firms falter."

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Fannie, Freddie plunge on reports of feds planning bailout

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