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Fannie Doesn't Need Gov's Help, Anyway

Just a kid shunning the shiny new iPhone his parents waited on line overnight to buy him, Fannie Mae's CEO announced today that the ailing mortgage lender probably won't even access the emergency cash the U.S. Treasury hustled up to bail it out of near-certain demise. He predicted a continued downturn in the housing market, with housing prices tanking well into next year. Smiles! [Reuters]