Dow 11,220.96 +32.73 +0.29%
Nasdaq 2,255.88 -3.16 -0.14%
S&P 500 1,242.31 +5.48 +0.44%
30-yr Bond 4.2760% -0.0050
Yesterday was a big down day. Today closed nearly flat. Woudl be looking for a bounce early next week ... though the mortgage bailout is a huge unknown.
Government may soon back troubled mortgage giants
Friday September 5, 11:12 pm ET
By Alan Zibel, AP Business Writer
Government may soon take over troubled mortgage finance giants Fannie Mae, Freddie Mac
WASHINGTON (AP) -- The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night. ...
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