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Fannie, Freddie debt rallies on likely bailout (Reuters)

Posted: Thu Aug 21, 2008 1:32 pm
by ForumGarden
Reuters - Heightened expectations for a government bailout of U.S. home-funding giants Fannie Mae and Freddie Mac drove their debt prices higher on Thursday as investors bet the securities will be guaranteed by the U.S. government even if shareholders are wiped out.





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Hat tip: Yahoo News