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  • Doubting the Viability of Fannie Mae

    Another bad day for the financial markets as two of its major players, Fannie Mae and Swiss banking power UBS announced big losses on mortgage related investments. UBS said that it would have first-quarter losses of $10.9 billion and would cut 5,500 jobs, nearly half in its investment banking unit. The...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Tue, May 6 2008
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