Fannie-Freddie takeover sparks global stock rally

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Fannie-Freddie takeover sparks global stock rally

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September 8th, 2008

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Fannie-Freddie takeover sparks global stock rally

September 8th, 2008 08:27 AM - (AP) — Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market.

The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.

But private analysts worried that ...

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Fannie-Freddie takeover sparks global stock rally

Fannie-Freddie takeover sparks global stock rally

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)