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To: robert b furman who wrote (8440)	9/5/2008 10:40:53 AM
From: Galirayo	Respond to of 41414

Hey Bob .. I'll debate with you later when I'm not crunched for time. But meanwhile .. Message 24887553. Here's the Daily Line in the Sand .. the Big Whhhooooosssh may be if we break this horizontal. I think this is where the Puking really accelerates. stockcharts.com

To: robert b furman who wrote (8440)	9/7/2008 10:12:32 PM
From: Galirayo	Read Replies (2) \| Respond to of 41414

US Government takes over mortgage giants Sunday September 7, 9:51 pm ET By Martin Crutsinger and Alan Zibel, AP Business Writers US Government seizes control of mortgage giants Fannie Mae and Freddie Mac WASHINGTON (AP) -- The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. ADVERTISEMENT The historic move announced Sunday won support from both presidential campaigns, but private analysts worried that it may not be enough to stabilize the slumping housing market given the glut of vacant homes for sale, rising foreclosures, rising unemployment and weak consumer confidence. biz.yahoo.com Officials announced that both giant institutions were being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars. Treasury Secretary Henry Paulson said allowing the companies to fail would have extracted a far higher price on consumers by driving up the cost of home loans and all other types of borrowing because the failures would "create great turmoil in our financial markets here at home and around the globe."