It's not looking good for Fannie and Freddie
According to a CNN report this morning, there may be a government rescue in the offing for mortgage finance giants, as they struggle with losses. Fannie Mae and Freddie Mac are continuing to drown in credit losses, and there are concerns their ability to raise needed capital may be hampered
The complete article is linked here:
http://money.cnn.com/2008/08/20/news/companies/fannie_freddie_rescue.ap/index.htm?eref=ib_topstories
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