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U.S. to rescue Fannie Mae and Freddie Mac

Discussion in 'General Investing Discussion' started by Alan, 14th Jul, 2008.

  1. Alan

    Alan Well-Known Member

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  2. AsxBroker

    AsxBroker Well-Known Member

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    Hi Alan,

    I think it's been Bushed...

    Cheers,

    Dan
     
  3. Tropo

    Tropo Well-Known Member

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    Good one :D:D
     
  4. Brendan

    Brendan Member

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    Hrm.. what does this mean for investors of Freddie Mac?
     
  5. Billv

    Billv Getting there

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    On Sunday, the U.S. Treasury and the Federal Reserve said they would lend money and buy equity if needed to rescue Fannie Mae and Freddie Mac the two pillars of the U.S. housing market, sending shares soaring early on Monday.

    But the gains soon fizzled as analysts noted any direct government investment in Fannie Mae and Freddie Mac would further dilute existing shares -- the last thing investors want.

    more here
    Wall Street sags as bank fear offsets Fannie, Freddie aid: Financial News - Yahoo! Finance