1.0 link 146321 <![CDATA[Fed Will Buy Mortgage-Related Assets]]> http://www.huffingtonpost.com/2008/11/25/fed-will-buy-mortgagerela_n_146321.html WASHINGTON &mdash; The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis.

The Fed said it will purchase up to $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks. It also will purchase another $500 billion in mortgage-backed securities, pools of mortgages that are bundled together and sold to investors.

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