Chicago Tribune
Fannie, Freedie Feed Fall
Talk of federal takeover creates market turnover
Wall St. Journal
Crisis Deepens as Big Bank Fails
Rescue Debate: Paulson Insists Fannie, Freddie Holders Lose
The New York Times is notably more optimistic:
New York Times:
Worst Fears Ease, for Now, on Mortgage Giants’ Fate
By STEPHEN LABATON
After a stomach-churning drop in the stocks of Fannie Mae and Freddie Mac, officials and lawmakers managed to calm investors.
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