Financial Times FT.com

The Short View: GSEs and US banks

By John Authers, Investment Editor

Published: August 19 2008 18:27 | Last updated: August 19 2008 18:27

Fannie Mae and Freddie Mac are back on deathwatch. Their reprieve after the sell-off they suffered last month is over and they are back at 18-year lows.

The renewed alarm over the US mortgage market appears also to be squeezing the life out of the latest rally within the bear market of the last year.

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