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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Trouble for Freddie, Fannie?

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From the Associated Press via Yahoo! News: "Stocks fall sharply on Fannie, Freddie worries," by Tim Paradis--

Wall Street sank further into a bear market Friday, as investors dumped stocks on troubles at mortgage companies Fannie Mae and Freddie Mac and oil's continuing climb into record territory. The Dow Jones industrials slid below the 11,000 mark for the first time in two years before paring their losses.

Investors appeared unimpressed by a statement from Treasury Secretary Henry Paulson, who said the government's focus is ensuring that Fannie Mae and Freddie Mac keep operating in their current form -- countering reports that the government was contemplating plans to take over one or both of the companies.

--Posted by Brighton Illinois personal injury lawyers and the Edwardsville Illinois truck accident attorneys of Schaeffer & Lamere, P.C., handling Illinois car accident, Illinois personal injury, products liability, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on July 11, 2008 (boomark / email).

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