Monday, July 14, 2008

US spells out Fannie-Freddie backstop plan

Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department announced steps to brace slumping mortgage giants Fannie Mae and Freddie Mac.The companies' shares have plunged as losses from their mortgage holdings threatened their financial survival.

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6-16-2026

Iran takes startling step believing Trump is 'legitimately mentally ill': journalist Iranians say addressing Trump’s 'mental ill...