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To: Hydroshock
The newspaper said Paulson was pressing the mortgage-service industry to help a broad range of borrowers become eligible for better loans instead of dealing with mortgage problems on a case-by-case basis.

The mortgage industry is running out of capital. Look at the stock prices of Fannie Mae and Freddie Mac the past six weeks, especially yesterday.

5 posted on 11/21/2007 5:19:30 AM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62

Fannie and Fredie are both scrambling to get cash.

http://www.freerepublic.com/focus/f-news/1928779/posts


6 posted on 11/21/2007 5:21:51 AM PST by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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