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Bush signs housing rescue plan into law (Reuters)

July 30th, 2008 · Permalink



A sign advertises an open house for sale in Alexandria, Virginia in this file photo from April 6, 2008. (Jonathan Ernst/Reuters)Reuters - As home foreclosures rise and
property values slump, U.S. President George W. Bush on
Wednesday signed into law a rescue package that includes
emergency backstops for mortgage financing companies Fannie Mae
and Freddie Mac.


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