Getting your player ready...
WASHINGTON — Shares of Fannie Mae and Freddie Mac climbed for a third consecutive day Wednesday, as investors appeared less certain that a government bailout of the two troubled companies will happen anytime soon.
The mortgage finance companies saw their stock prices plummet last week as fears mounted they would soon need government support and that any bailout would leave stockholders in the lurch.
Fannie shares rose 86 cents, or 15.3 percent, to $6.48, while Freddie advanced 78 cents, or 19.7 percent, to $4.75.
