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Saturday, July 12, 2008

Today's Dueling Financial Headlines

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.