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Bad for the Dollar

Friday, 11 Jul 2008 | 12:22 AM ET

News that the U.S. government might take over Fannie Mae and Freddie Mac if their problems worsen, does not bode well for the dollar, says Simon Grose-Hodge, director & investment strategist at LGT Bank in Liechtenstein. He talks to CNBC's Rebecca Meehan & Maura Fogarty.