Sunday, August 24, 2008

Moody's ratings downgrade deals latest blow to Fannie, Freddie

(NEW YORK) A major credit rating agency cut the preferred share rating on Fannie Mae and Freddie Mac amid mounting concern about the ability of the two largest United States home funding providers to access capital, in the latest blow before a widely expected government bailout.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,293744,00.html?

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