2008-07-08 — wsj.com
Investors dumped shares and bonds of Fannie Mae and Freddie Mac, signaling a dramatic loss of confidence in two government-sponsored mortgage companies considered crucial to restoring the health of the housing market.
Shares of the two companies dropped Monday to their lowest levels in more than 14 years, and at one point, Freddie Mac had lost nearly 30% of its value.
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