Wednesday, February 27, 2008

Wall St gains as government loosens home loan reins (Reuters)



Traders gather on the floor of the New York Stock Exchange Wednesday, Feb. 27. 2008. Wall Street advanced Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant should inflation accelerate but also would remain open to interest rate cuts to help the economy. (AP Photo/Richard Drew)Reuters - Stocks gained on Wednesday on news
that the government will let the two biggest U.S. home loan
finance companies invest more money in the weak housing market
in a move that could help revive the economy.




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