ajtj99's Market Pulse

[challo]

hi aj -

don't markets eventually turn on "historic events"? %)



BREAKING NEWS on Marketwatch -
WaMu's board is ousting CEO Killinger amid heavy mortgage-related losses. Alan Fishman, Meridian Capital's chairman, will succeed him.

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wrt to fre and fnm -

NEW YORK (MarketWatch) -- Shares of Fannie Mae and Freddie Mac will likely drop sharply when they resume trading after the U.S. government took control of the beleaguered mortgage giants, but the financial sector could now begin to stabilize, Wall Street analysts said Sunday. . . .

"This is a historic event," said Brian Gardner, senior vice president at Washington Research. "It could be the biggest potential government bailout of a generation, much bigger than the savings and loan crises of the 1980s."

http://www.marketwatch.com/news/story/fannie-freddie-seen-falling-after/story.aspx?guid=%7BED11E0AE%2D3724%2D4D5B%2DA718%2D895E87FC9373%7D
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