Freddie Mac, the second largest provider of US residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter.
Citigroup have plunged 75 per cent in just one year.
The three financial institution sseem to be riding on improving mkt conditions.
Obama opened the new front in the broad battle against the economic crisis .
Asian stocks fell more than 1 per cent on Wednesday, hurt by financial shares ahead of results from Lehman Brothers, which has been rocked by the same crisis that led Washington to take over Fannie Mae and Freddie Mac this week.
Indian markets joined a global stock market rally on Monday after the US government announced plans to take control of troubled mortgage giants Fannie Mae and Freddie Mac
The market is likely to be highly volatile this week. There are a host of positive triggers. A significant drop in the global crude oil prices last
Asian stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded even further.
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