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The news of the federal takeover of Fannie Mae and Freddie Mac spells really bad news for value investors--notably Bill Miller, who just couldn't believe that a beaten down stock wouldn't bounce... Read more...
We've been suggesting that a string of bank failures may be around the corner. The federal takeover of Pasadena-based IndyMac--the second largest bank failure ever--serves as a timely reminder. After... Read more...