Freddie, Fannie pare losses
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2008-08-25 — marketwatch.com
Shares of Freddie Mac rebounded about 15% on Monday afternoon as solid demand for a $2 billion debt auction showed the troubled mortgage company is still able to raise capital, even if the markets demand higher yields.
Financing is always available -- at a price. If this comforts the market, there are apt to be tears shed later.
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