Fannie Mae, Freddie Rescue a `Disaster,' Rogers Says (Update1) - Bloomberg

<font style="font-size:85%;font-family:arial, sans-serif;"><br><div style="padding-top:0.8em;"><img alt="" height="1" width="1"></div><div class="lh"><table border="0" align="right" cellspacing="0" style="font-size:100%;font-family:arial, sans-serif;"><tr><td width="80" align="center" style="padding-left:6px;" valign="top"></td></tr></table><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601103%26sid%3Dav8pcGLz4lr8%26refer%3Dus&cid=1227597341&ei=Q2V7SOWRBIfI8ASUx42YBg&usg=AFQjCNGthEtClodeaxPx_klKLa7w_no49Q"><b>Fannie Mae, Freddie Rescue a `Disaster,' Rogers Says (Update1)</b></a><br><font size="-1"><b><font color="#6f6f6f">Bloomberg -</font> 1 hour ago</b></font><br><font size="-1">By Carol Massar and Eric Martin July 14 (Bloomberg) -- The US Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest US mortgage lenders are ``basically insolvent,'' according to investor Jim <b>...</b></font><br><font size="-1"><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-1&fd=R&url=http://www.youtube.com/watch%3Fv%3DtSOjJNk4Vg0&cid=1227597341&ei=Q2V7SOWRBIfI8ASUx42YBg&usg=AFQjCNHcXxybQ21hH2tGEGprz5fc_gCTGw">Video: Fed, Treasury Offer Help to Fannie and Freddie</a> <font size="-1" color="#6f6f6f"> AssociatedPress</font><iframe class="embeddedvideo" src="http://www.youtube.com/v/tSOjJNk4Vg0" type=&quot!
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