Reuters Business Summary

Reuters Business Summary
Fannie and Freddie shares dive, debt rallies NEW YORK - Fannie Mae’s and Freddie Mac’s stocks took a dive while their debt soared Monday, as investors bet the U.S. government’s takeover of the mortgage finance firms would wipe out shareholders but fully guarantee their bonds. Equity markets around the world surged on the bailout news as hopes rose that the U.S. Treasury’s …

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