THOUGHT FOR THE DAY!

"The United States does not have an automatic call on our resources. There is no mind-set that puts this country first."-- Cyrill Stewert, Chief Financial Officer of Colgate-Palmolive Corporation

 

Fannie Mae, Freddie Mac Are Pounded

Share prices of Fannie Mae and Freddie Mac plunged Monday amid growing fears that the two largest providers of funding for U.S. home mortgages won't be able to avoid a government bailout.

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