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Market Waits for Govt. to Address Foreclosures: Fed news serves as balm for mortgage-backed investors even as Bear collapses

Before the Asian markets opened last Monday, it was announced that JPMorgan will be buying Bear Stearns for $2 per share. The Federal Reserve was also expected to cut the discount rates once again and to implement a new lending facility for the large investment banks to secure short-term loans....

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