Monday, July 14, 2008

The Next Financial Timebomb, Fannie and Freddie on the brink

Continued sharp slide in shares of mortgage finance firms raises new concerns about need for new capital, threat of government takeover. NEW YORK (CNNMoney.com) -- The anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered housing market and the economy as a whole, reached fever pitch on Friday as shares plunged on speculati

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