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Reuters: Freddie Mac, Fannie Mae cut losses on Dodd comments

Started by chris, July 12, 2008, 12:41:09 AM

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chris

Freddie Mac, Fannie Mae cut losses on Dodd comments
      


NEW YORK (Reuters) - Shares of Freddie Mac  briefly turned positive on Friday and those of Fannie Mae  sharply pared their losses after Sen. Christopher Dodd, chairman of the Senate Banking Committee, said the two government-sponsored mortgage giants were fundamentally sound.
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