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'By rescuing Fannie Mae the US government rewarded the short-sellers'
'By rescuing Fannie Mae the US government rewarded the short-sellers'
Last Modified: 18 Sep 2008
By:
Alex Thomson
Former chair of the FSA and deputy governor of the Bank of England, Howard Davies; editor of the Financial Times Lionel Barber; and the Times columnist Anatole Kaletsky join Alex Thomson in the studio.
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After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.
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