Archive for July 12th, 2008

The anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered housing market and the economy as a whole, reached a fever pitch on Friday and took shares of the companies and the broader markets on a wild ride.

The new Apple iPhone went on sale Friday morning, but early reports of problems activating the device threatened to overshadow its debut.

The anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered housing market and the economy as a whole, reached fever pitch on Friday as shares plunged on speculation of a looming bailout.

After months of debate on Capitol Hill, the Senate on Friday passed a comprehensive housing and foreclosure prevention bill.

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