[ Reuters: Top News] China and Japan hail U.S. mortgage rescue as doubts linger
Posted: Mon Sep 08, 2008 5:30 am
TOKYO/BASEL (Reuters) - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors had no illusions the bailout would end the global credit market misery.
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