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WASHINGTON (AP) — U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and loan institutions posted their second-largest quarterly loss ever in the April-June period, after the $8.8 [...]

Fannie, Freddie trade higher
Markets focus on GSEs’ fate and bank stocks; FDIC may tap Treasury funds
By John Spence, MarketWatch
Last Update: 8/27/2008 10:41:00 AM
BOSTON (MarketWatch) — Shares of Fannie Mae and Freddie Mac stretched their
recent rally Wednesday as investors continued to debate the future of the
mortgage-finance giants and the prospects of a government bailout.
Fannie (FNM) and [...]