Wall Street has been holding its breath since mid-July due to fears about the fate of Fannie Mae and Freddie Mac.
Today, investors finally exhaled and started buying.
A desperate but necessary bailout
The Treasury's intervention to shore up Fannie Mae and Freddie Mac allays the fears of foreign investors, but turning around the US economy will take something close to a miracle.
Market bears alive and well
The markets surged Monday as investors giddily bought stocks in the wake of the bailout of Fannie Mae and Freddie Mac.
U.S. mortgage plan falls short
The federal government's plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won't help the majority of people threatened with foreclosure, experts said.
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