UNITED STATES: GSE rescue will restore confidence
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In this article
- Fannie and Freddie explained
- Market concerns
- Government concerns
- Growing mortgage-sector fears
- IndyMac failure
- No banking bust wave
- Regional concerns
- Paulson's intervention
- Immediate remedial measures
- Potential further steps
- Likely market reaction
- Further dollar weakness
- International knock-on effects
- Worsening US housing correction
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