[ Reuters: Top News] Fannie, Freddie shares dive on bailout fears, bonds up
Posted: Fri Aug 22, 2008 8:30 am
NEW YORK (Reuters) - Fannie Mae and Freddie Mac shares plunged to their lowest levels in almost 20 years on Wednesday, while the mortgage companies' bonds rallied on the belief that an increasingly likely government bailout would wipe out shareholders but secure their massive debt.
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