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The Government is backing up Freddie Mac and Fannie Mae

The Government is backing up Freddie Mac and Fannie Mae. But is this still a huge problem? Mortgage issues are far more reaching than anyone realized. Oil is on the rise again. Apple sold over 1 million iPhones in the first 3 days even though no one could activate them. The markets are down to start but we have 4 hours of trading left to go. I have been putting off getting an iPhone and now I do not think I ever will.

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