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Politics: Fannie, Freddie Fix May Not Come Quick

Stock quotes in this article: FNM , FRE , IMB , NYSE  

Whenever fear lurks in the financial markets, as we saw last week with insolvency news on Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote), politicians line up to make positive-sounding statements.

For the Republicans, President George Bush and Treasury Secretary Henry Paulson offered a plan to rescue the mortgage giants.

On the Democratic side, Majority Leader Harry Reid (D., Nev.) said his party's representatives in the Senate "stand ready to work with the Administration to quickly and effectively address the situation currently facing these institutions." ...

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