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Fannie, Freddie rescue won’t end housing woes

The federal government’s takeover of Fannie Mae and Freddie Mac may save the battered real estate market from a complete meltdown. But financial experts say the bailout won’t lead to a housing recovery just yet.
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“This isn’t curing the patient. This is preventing the patient from developing a new problem he can’t survive,” said Barry Ritholtz, CEO and director of equity research, Fusion IQ.

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Written by Keith Byrd - Go to Keith's Website/Profile