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  • Fannie and Freddie bailed out

  • 00:01:19
  • Reuters
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Fannie and Freddie bailed out

The move comes after the biggest surge in mortgage defaults in at least three decades threatened to bring down the failing firms. Between them, Fannie Mae and Freddie Mac make up almost half the U.S. home loan market.

Reuters | September 7, 2008Watch more videos from Reuters

Tags:. .underpin. .afloat. .bankrupt. .unprecedented. .trillions