DJIA rallied Mon morn (9/8) because global institutions were positive. Sunday, US govt was put in charge with trillions of risk.
Fannie fell 79 percent to $1.46 and Freddie lost 71 percent to $1.50 as of 9:53 a.m. in New York Stock Exchange trading. Credit Suisse analysts cut their price target on the companies to $1. At the same time, the companies' bonds rallied.
PLEASE, if OEN member has APs Sunday report, please QL it. |
Read the rest of the story HERE:
At www.bloomberg.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.