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US spells out Fannie-Freddie backstop plan (INO News)

Story date: 2008-07-14 01:46:50
Added on: 2008-07-14 02:20:20


(AP:WASHINGTON) 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.


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