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Stocks Rally Strong on Fannie, Freddie Takeover

Europe, Japan, US futures see market surge

By Matt Cantor,  Newser Staff

Posted Sep 8, 2008 4:29 AM CDT

(Newser) – European and Japanese stocks saw their biggest surge since January and US futures climbed amid news of the Treasury Department’s plan to take charge of Fannie Mae and Freddie Mac, Bloomberg reports. Europe's UBS AG, pounded by subprime losses, and Japan’s Mizuho Financial...   Read full story »

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