World stocks soar after Freddie, Fannie bailouts (AP)

Posted by admin on September 10, 2008 under News | Be the First to Comment

World stocks soar after Freddie, Fannie bailouts (AP)

Pedestrians walk in front of the electronic stock board of a securities company in Tokyo Monday, Sept. 8, 2008. Japan's benchmark Nikkei 225 stock index was up more than 430 points, or 3.6 percent, at 12,650.27 in morning trading after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac - a move that could help bolster a shaky U.S. housing market and renew investor confidence in stock and credit markets worldwide. (AP Photo/Koji Sasahara)AP – World stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac

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