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December 2nd, 2008, 10:48 AM
#1
Guest
Feds bailed out China, not the US
Disturbing thoughts....
The U.S. government's takeover of mortgage market makers Fannie Mae (FNM, news, msgs) and Freddie Mac (FRE, news, msgs) will lead to a rapid recovery in the real-estate market, a rebound in economic growth and a surge in lending by a newly confident banking sector.
Yep, the takeover and restructuring of the two U.S. mortgage giants is a great thing -- for China and for many other developing economies of the world.
http://articles.moneycentral.msn.com...ot-the-us.aspx
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