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March 23, 2008

Wall St surges on hopes of easing credit crunch (Reuters)

Filed under: FInancial — Admin @ 5:04 am

Traders on the floor of the New York Stock Exchange March 18, 2008. (Brendan McDermid/Reuters)Reuters - Stocks jumped on Thursday, capping a
tumultuous week, on optimism that giving Fannie Mae and Freddie
Mac a bigger role in the mortgage market will ease a credit
crunch that claimed Bear Stearns as its biggest victim.

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