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This Bailout Is a Big Piece of the Puzzle

By Jim Cramer

 About this article:
 The biggest canard of all: "This is not going to be a cure-all, nor will it solve the 'real problems' of the U.S. economy." Why is it a canard? Because no one -- I repeat, no one -- is saying it is. Not even the biggest bulls. This bailout of Fannie and Freddie is a piece of the puzzle that is meant to stop house price depreciation. It is one of the major pieces. Mortgage rates are being called down big this morning, big, with some mortgage brokers thinking we will lop a full percentage point off of rates. In case you think they are biased, these people had been forecasting a big gain in rates. What's driving me crazy here is the falseness of the critics. They are all assuming that things won't be happy. It is about being happier. Let's take Bank of America...

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