Posted AT 1:58 AM EST on 11/07/08
Calm urged as U.S. home lenders spiral
WASHINGTON — Top U.S. government officials rushed to reassure investors yesterday that mortgage giants
Fannie Mae and
Freddie Mac are financially sound amid persistent fears that another major financial institution may soon go bust.
It's the latest evidence that the mortgage and credit crisis is still getting worse four months after the historic bailout of Wall Street investment bank Bear Stearns.
U.S.
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