July 14, 2008

FANNIE MAE AND FREDDIE MAC BEING SUPPORTED BY

(From Portfolio.com)
World markets are cheering the U.S. government’s support for the mortgage giants Fannie Mae and Freddie Mac.  This morning, the dollar is rising, European stock markets are higher, and futures of U.S. stock indexes and even the futures for Fannie and Freddie are pointing to an opening rally.
“The U.S. authorities are doing everything they [...]