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US government plan for Fannie, Freddie to hit shareholders
The US government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. Ex-IMF economist: Large US bank collapse ahead The worst of the global financial crisis is yet to come and a large US bank will fail in the next few months as the world's biggest economy hits further troubles. |
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