By Kate Gibson
July 11, 2008
Fannie and Freddie shares under siege; no bailout on horizon, Paulson says
NEW YORK (MarketWatch) — U.S. stocks sank Friday, with the Dow industrials falling below the 11,000 level for the first time since August 2006, as the price of oil climbed and investors contemplated the possible demise of mortgage buyers Fannie Mae and Freddie Mac.
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