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WSJ: Fannie Mae, Freddie Mac Are Pounded

Share prices of Fannie Mae and Freddie Mac plunged Monday amid growing fears that the two largest providers of funding for U.S. home mortgages won’t be able to avoid a government bailout.

In 4 p.m. trading on the New York Stock Exchange, Freddie shares were down 25% to $4.39. Fannie stock dropped 22% to $6.15. Both stocks are down more than 90% from a year ago.

Yep, the Wall Street Journal just said pounded in a headline. Helloooooo Rupert!