08-Sep-2008
Story Timeline: 85 days
By Pedro Nicolaci da Costa NEW YORK (Reuters) - Shares in mortgage finance companies Fannie Mae and Freddie Mac plunged while their debt soared Monday, one day after the U.S. government took over the companies, as investors bet the action would wipe out stockholders but fully guarantee their bonds. Equity markets around the world surged on the bailout news as hopes rose that the U.S. Treasury's plan to take...
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