Reuters: Pledge fails to lift cloud over Fannie, Freddie

[dave]

Pledge fails to lift cloud over Fannie, Freddie
      

NEW YORK (Reuters) - Buyers showed no hesitation in bidding on Freddie Mac's $3 billion debt sale on Monday, just hours after the U.S. government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.
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