U.S. to rescue Fannie Mae and Freddie Mac

Discussion in 'Sharemarket News & Market Analysis' started by Alan__, 14th Jul, 2008.

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  1. Alan__

    Alan__ Well-Known Member

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    Alan__, 14th Jul, 2008
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

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    Hi Alan,

    I think it's been Bushed...

    Cheers,

    Dan
     
    AsxBroker, 14th Jul, 2008
    #2
  3. Tropo

    Tropo Well-Known Member

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    Good one :D:D
     
    Tropo, 14th Jul, 2008
    #3
  4. Brendan__

    Brendan__ Member

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    Hrm.. what does this mean for investors of Freddie Mac?
     
    Brendan__, 14th Jul, 2008
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  5. BillV

    BillV Well-Known Member

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    On Sunday, the U.S. Treasury and the Federal Reserve said they would lend money and buy equity if needed to rescue Fannie Mae and Freddie Mac the two pillars of the U.S. housing market, sending shares soaring early on Monday.

    But the gains soon fizzled as analysts noted any direct government investment in Fannie Mae and Freddie Mac would further dilute existing shares -- the last thing investors want.

    more here
    Wall Street sags as bank fear offsets Fannie, Freddie aid: Financial News - Yahoo! Finance
     
    BillV, 15th Jul, 2008
    #5
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