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Steven Syre | Boston Capital

Washington throws long lifeline

Rescue aims at Fannie, Freddie, and US economy

As Fannie Mae headquarters become a media backdrop yesterday, stock prices of the mortgage giants wobbled but credit markets traded as if the institutions remained on solid footing. As Fannie Mae headquarters become a media backdrop yesterday, stock prices of the mortgage giants wobbled but credit markets traded as if the institutions remained on solid footing. (Karen Bleier/AFP/Getty Images)
By Steven Syre
Globe Columnist / July 15, 2008

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The federal government's rescue plan for mortgage-market linchpins Fannie Mae and Freddie Mac got off to a promising start yesterday. An open checkbook can still buy a lot of goodwill. (Full article: 783 words)

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